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Technology Stocks : Lucent Technologies (LU)
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To: freeus who wrote (2763)6/8/1998 10:19:00 AM
From: Earthdog  Read Replies (3) of 21876
 
freeus,

I remember a while back, I think it was last year sometime, rumors were that LU had "liberal" accounting practices. A LU spokesman came out immediately after those rumors and denounced any such practices and reassured investors that they have "very conservative" accounting practices. IMHO when companies do as well as LU there are bound to be some skeptics who want to rain on everyones parade. Do you think LU is going somewhere? Do you think they are going to be around in the next 5, 10, 15 years? If you answer YES then I wouldn't pay attention to those rumors. Companies that "cook" the books are usually those companies that don't have a very bright future. Good, strong companies with a future don't have to manipulate their numbers. I believe LU has a very bright future.
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