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To: THE PHANTOM who wrote (30724)9/14/1999 7:48:00 PM
From: puborectalis  Read Replies (2) | Respond to of 41369
 
The future has arrived.....

Posted at 1:30 p.m. PDT Tuesday, September 14, 1999

Lucent CEO says expect free
Internet stock trades

ATLANTA, (Reuters) - The chief executive of Lucent
Technologies Inc. predicted Tuesday that free stock trades on the
Internet will be announced within a year.

''There is no doubt in my mind that within the next 12 months
someone of substantial repute will announce they're going to
provide trades free online, with the value of you coming to their
(Web) site for other services,'' Rich McGinn, chief executive of the
New Jersey-based telecommunications equipment supplier, said.

McGinn, who spoke at NetWorld+Interop 99, a trade show for companies that provide products
designed to enhance telecommunications networks, said that raises questions about what happens
in the future to traditional stock traders and brokers.

McGinn did not identify who would be offering the free trades and he did not show for a press
conference scheduled for immediately after his address.

In his speech McGinn said that the rapid upgrading of telecommunications equipment at some point
will affect many retailers. He said that consumers will be able to shop for goods on the Internet and
download them into their homes.

''The communications revolution is causing a shift in the value (of goods and services) that requires
a creative response from you,'' he added.

McGinn said that in the past 12 months electronic commerce has generated $40 billion in sales, and
he noted that ''some forecasts predict that revenues can rise to $1.3 trillion over the next five
years.''

He added that online advertising has reached $3 billion annually and is ''expected to grow over the
next five years to $22 billion.''

McGinn said that the convergence toward transmission of voice, data and video on a single system
continues.

''We're headed toward the convergence of every network,'' McGinn said. This will lead to ''a
network of networks and that is something that is moving at increasing speed.''

Before that happens, however, he conceded that communications equipment must provide higher
reliability, better quality of service and the ability of customers to be able to connect to the network
almost immediately.

''The major business challenge facing network providers and suppliers is to build networks that
provide levels of quality and reliability that meet or exceed those of the voice networks of today,''
McGinn said.




BREAKING NEWS DIGESTS



To: THE PHANTOM who wrote (30724)9/14/1999 9:39:00 PM
From: Craig A  Respond to of 41369
 
PHANTOM

Thank you for your articulate response. I had 1000 shares until she started to list to port. Sold on the way down, traded both successfully and, as the true neophyte I am,unsuccessfully. I can't seem to establish the old confidence I had to get fully involved in a long position of the magnitude I'd like (had.)
Interesting your comment on YHOO. Just sold on the last run thinking AOL 5 point swings are more fun than 30.
The charts are negated when 'big news' comes. A whole bunch of us here would like that news. Now maybe is the time.
Have been subscribing to the Bull Market Report's approach to waiting until there is some movement upwards.I dunno.Thanks again. It will be fun to all 'dance' again at a much higher price.
Peace
Craig