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Technology Stocks : Lucent Technologies (LU)
LU 2.415+1.9%Nov 21 9:30 AM EST
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To: S. HYDER who wrote (3646)8/14/1998 1:23:00 PM
From: P.T.Burnem  Read Replies (1) of 21876
 
Rightly or wrongly, the market does not care much about write-off's. WCOM has announced they are going to write-off $6-7B worth of MCIC in-process R&D (who would have thought that MCIC had that much R&D underway;?) yet the stock barely budged.

PTB
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