Morning Fox.
In 1998, Conexant posted $1.2 billion in revenues, 55 percent of which came from PC modem sales. The company sees more than 60 percent of its 1999 revenues coming from its new network and wireless businesses. Decker, previously president of Rockwell Semiconductor Systems, sees that figure rising to about 75 percent in 2001.
and...
The company said it was spending three times more on research and development for its network and wireless division than for its personal computer division. Conexant expects revenues growth of between 25 and 30 percent per year if market conditions continue to be favorable toward its new products.
Conexant holds largest share of the PC modem market, its nearest competitor being Lucent Technologies Inc.
I would say that the competitiveness that drives Lucent and the prospects of potentially a larger share of that business, (albeit at reduced prices as per the article itself), continues to justify an investment in Lucent.
I remember seeing a pie graph of the sales breakdown from Lucent, (in their web site), the most striking element was that only 25% of their sales were from abroad. I would like to see a similar graph in terms of the different markets that Lucent is in, and then each market's prospect going forward including Lucent's specific position as market leader or main competitor.
Overall a better investment than the Internuts.
A solid company, expanding markets, reduced risk exposure. imo.
Thanks for the news.
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