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

To: Apollo who wrote (9108)	8/10/1999 4:02:00 PM
From: The Phoenix	Read Replies (1) \| Respond to of 21876

Just an observation and a question for the thread. Although I continue to believe in LU, what is the consensus on the INSS purchase? It seems to me that this is more of an attempt to cut the legs out from CSCO than it is to assist in LU's business (although I know it will help to a degree). I thought LU already had their own integration and support team??? Furthermore, as LU attempts and works through the ASND acquisition it now will be faced with the integration of a services organization. This seems to be a very complex undertaking wrought with excess overhead and G&A costs. How will this effect promised earnings growth and if earnings growth is short due to acquisition costs what will the street reaction be? Given that LU's next earnings occur in what many expect to be a more pronounced deterioration (in Oct) of stock prices this appears to be dangerous....of course for those of us that believe in this sector it will present us all with excellent buying opportunities. Any other perspectives??? OG