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Technology Stocks : Lucent Technologies (LU) -- Ignore unavailable to you. Want to Upgrade?

To: Mighty Mizzou who wrote (8907)	7/28/1999 10:38:00 AM
From: Bindusagar Reddy	Respond to of 21876

Wallstreet is not a smart street. It is a collection of few smart people and majority boneheads. They can not see the long term picture clearly. They seek instant gratification. They think linear instead of sytemic thinking. As a result you see the wild swings. If I have to put my bet today, I will chose LU again. LU is undisputed leader. There is no question about it. NT is doing well only because LU alone can not deliver the products to the whole world. BR

To: Mighty Mizzou who wrote (8907)	7/28/1999 11:50:00 AM
From: The Phoenix	Respond to of 21876

NT keeps their mouth shut and consistently rises. Hmmm, wonder if there is any lessons there? OG

To: Mighty Mizzou who wrote (8907)	7/28/1999 9:32:00 PM
From: tajen	Respond to of 21876

Does good news for NT mean bad news for LU? NT target price is raised from $73 to $112!!!! Wednesday July 28, 8:06 pm Eastern Time Rosy second half outlook lifts Canada Nortel stock By Lydia Zajc TORONTO, July 28 (Reuters) - Investors sent Nortel Networks Corp. (Toronto:NT.TO - news) (NYSE:NT - news) stock much higher on Wednesday after deciding that the communications equipment maker's prospects for the second half of the year looked good. Nortel released slightly better than anticipated second-quarter results on Tuesday and allayed fears that the Year 2000 computer bug would force companies to delay purchases from Nortel. The Brampton, Ontario-based company also showed a second- quarter turnaround in its wireless equipment sales, which had shrunk in its first quarter from a year earlier. Nortel shares on the Toronto Stock Exchange rose C$8 or 6.3 percent to C$135 on more than two million shares on Wednesday and closed at C$134.45. In New York shares gained $4.94 to $89.63, closing at $89.37. Nortel said on Tuesday that operating profit was $368 million or 55 cents a share, including unexpected tax reductions worth about 3 cents, versus a year earlier $212 million or 40 cents a share. Analysts, polled by First Call research house in New York, had forecast average earnings of 50 cents a share. Analyst Todd Coupland at CIBC World Markets on Wednesday raised his rating on Nortel's stock to a strong buy from a hold, and increased his target share price to $112 from $73. Michael Urlocker, an analyst at Scotia Capital Markets, said that Nortel Chief Executive John Roth soothed worries that the so-called Y2K glitch would force companies to delay their spending on telecommunications, data and Internet systems in Nortel's crucial fourth quarter. When the year ends, computers and chips that read 2000 as 00 or 1900 could cause problems if companies are not prepared. Many have been busy dealing with their current systems. ''I think investors are taking some confidence from John Roth's statements about Y2K and phone companies' spending,'' Urlocker said. ''That was making some people nervous.'' Truc Do, an analyst at SoundView Financial Group, agreed: ''The outlook for the second half is pretty strong.'' Do concluded the company will reach its financial targets for 1999 without major Y2K concerns. ''They can say that they're pretty confident that they can do that number,'' he said. Analysts queried by First Call expect a 1999 operating profit of $2.24 a share on average. Urlocker, who last week had reinitiated his coverage of Nortel with a buy, also mentioned that Nortel's wireless equipment sales had improved in the second quarter. ''The fact that wireless rebounded, I think, also restored some confidence for some investors,'' he said.