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

To: Zoltan! who wrote (9113)	8/10/1999 6:22:00 PM
From: tonto	Read Replies (1) \| Respond to of 21876

Zoltan, how is Lucent Technologies a pretender? To: KC~ who wrote (27147) From: Zoltan! Tuesday, Aug 10 1999 5:51PM ET Reply # of 27425 Looks like Cisco is having a very successful conference call, unlike pretender LU did.

To: Zoltan! who wrote (9113)	8/10/1999 8:52:00 PM
From: tajen	Read Replies (2) \| Respond to of 21876

Fix the problem or else the stock is heading south! "...blamed a software problem in the Lucent (ATM) switches..." MCI Glitch Disables ATMs By CLIFF EDWARDS AP Technology Writer CHICAGO (AP) - A glitch in MCI WorldCom Inc.'s (Nasdaq:WCOM - news) data transmission network has partially disabled thousands of automated teller machines and restricted market trading of corn, soybeans and other financial futures. The problem at the No. 2 U.S. long-distance carrier began late last week during a system upgrade and has disrupted high-speed data service for nearly 30 percent of MCI's global data network customers, spokeswoman Linda Laughlin said Tuesday. MCI was upgrading network software from Lucent Technologies Inc. (NYSE:LU - news), a former AT&T Corp. (NYSE:T - news) subsidiary, when the system began experiencing problems in large cities such as New York, Boston, Chicago, Los Angeles and San Francisco. As a result, ATMs nationwide - and in some cases outside the United States - have had intermittent trouble dispensing money because the bank machines couldn't communicate with each other, making it impossible to determine the customer's balance. ATM networks have not been able to determine the number of machines affected because many of the disruptions are only short-term, said Kate Coleman, a spokeswoman for Chicago-based Cash Station, which operates ATMs mainly in the Midwest. MCI technicians blamed a software problem in the Lucent switches and were working fix the glitch, said spokesman Frank Walter. He said service was gradually being restored to customers Tuesday night, but that he did not have an estimate on when operations would return to normal. ''We obviously regret the problems our customers have experienced, and we're working hard very hard to rebuild their confidence,'' Walter said. Chicago Board of Trade president Thomas Donovan issued a stinging rebuke of MCI after the disruption shut down electronic trading terminals across the globe. Days before the outage, Donovan said he had met with executives from the communications company to complain about the quality of service and said he'd been promised things would improve. ''Despite these assurances, we began experiencing a catastrophic outage because of MCI WorldCom just two days later,'' Donovan said in a letter sent Tuesday to members of the world's largest futures exchange. The CBOT's Project A electronic trading platform allows members to trade futures contracts linked to U.S. Treasuries, the Dow Jones industrial average, grains and other commodities. The exchange, which also maintains open outcry trading pits, was able to keep terminals inside the building running through a local network. The exchange said Project A trading was restored Tuesday afternoon, and that it would add more terminals in the building Wednesday if the disruptions continue. MCI's problems come at a time the company is launching a $100 million program to build data centers and expand its existing facilities in an attempt to lure more customers to its burgeoning data and Internet businesses. The problem is reminiscent of an outage in AT&T Corp.'s network last April, which affected thousands of corporate customers nationwide. AT&T blamed the outage on problems that occurred during a similar software upgrade. MCI's stock fell $2.311/4 to $75.121/2 in trading on the Nasdaq Stock Market.

To: Zoltan! who wrote (9113)	8/11/1999 8:04:00 AM
From: tonto	Read Replies (1) \| Respond to of 21876

Zoltan!, will you please explain your assertion that Lucent Technologies is a pretender. Your statement baffles me. Surely you do not think statements such as though will affect the stock. <ggg> LU and Cisco are both excellent companies. Cisco has better margins. LU r&d has provided the world with exceptional products for a long time. Your statement normally is reserved for the penny stock threads. <s> To help you I am providing some profile information. Cisco Systems provides networking solutions that connect computing devices and computer networks, allowing people to access or transfer information without regard to differences in time, place, or type of computer system. For the 39 weeks ended 5/1/99, net sales rose 41% to $8.56B. Net income rose 69% to $1.45B. Revenues benefitted from higher unit sales of LAN switching products. Earnings also benefitted from higher interest and other income. Sector: Technology Industry: Computer Networks Cisco Systems, Inc. Employees: 15,000 Lucent Technologies Inc. Employees: 141,600 LU designs, develops, manufactures and services systems and software which enable network operators and other service providers to provide wireline and wireless access, local, long distance and international voice, data and video services and cable service. For the 6 months ended 3/99, revenues rose 17% to $17.48B. Net income beforeaccounting change totalled $1.87B, up from $854M. Results reflect higher sales of Systems for Network Operators.