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

To: GVTucker who wrote (8965)	8/2/1999 8:34:00 AM
From: polarisnh	Read Replies (1) \| Respond to of 21876

GVTucker, If I read what you are saying correctly you believe that McGinn isn't the man for the job? You don't think he has done very well as CEO? Steve

To: GVTucker who wrote (8965)	8/2/1999 12:48:00 PM
From: Chuzzlewit	Read Replies (2) \| Respond to of 21876

GVTucker, thanks for your insights. The conclusions of your consultant friends pretty much mirrors those that I have have surmised from analysis of the financial statements. I am not sure that I know the ultimate source of the inefficiencies, but I suspect that much of it is inherited baggage from the days when LU was part of AT&T. There is also a question of focus. It appears that McGinn is fixated on expanding LU's presence in networking rather than creating a more efficient operating structure. This is the opposite strategy from IBM's, where Gerstner first cut internal inefficiencies and then sought to reinvent the company by moving more heavily into services. From a strictly financial point of view, Gerstner's strategy makes much more sense to me, but I am not sure that McGinn's strategy is necessarily wrong-headed if he now takes the time to focus on operating efficiencies. TTFN, CTC

To: GVTucker who wrote (8965)	8/2/1999 7:10:00 PM
From: Anonymous	Read Replies (3) \| Respond to of 21876

All old, large companies are inefficient. If you were a fly on the wall of IBM, GE, GM, Ford, AT&T, or any other company that has been around more than 50 years (most of the DOW components will do, thank you), you're gonna find that they all operate in an inefficient mode. They are just like the government and its bureaucracies. They believed in empire building in the old days and old habits are hard to change. That doesn't necessarily mean they can't make money...they just can't make as much as that fly on the wall wants them to make. Lucent, which is really still the old Western Electric which was just part of AT&T in the old days, is doing just fine. They will be around many years from now. How many times have young whippersnapper analysts written off IBM and AT&T in the past. Young investors just don't like those old paced outfits with their arthritis in all their joints. Lucent engineers, Bell Lab innovators, and such are not just sitting around on their hands. They are well aware of every scenario that has been devised within the post in this thread and they will move in the right direction. A retired Western Electric, AT&T, Lucent Technologies employee. Just another face in the crowd. Anonymous