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

To: The Phoenix who wrote (9715)	9/29/1999 11:19:00 AM
From: Bindusagar Reddy	Read Replies (1) \| Respond to of 21876

Gary, LU is consolidating last 6 weeks, when it breaks we shall see a new trading range of 80-90 by DEC. I have been watching block trades of 400,000-500,000 on buy side last few days. Retail invetsors are bailing as institutions are accumulating. Goldman Sachs says they are on a pace to ship 1 billion dollars of DWDM equipment in 1999. They announced multiple contracts over the last few days. They will announce 150 million DWDM contract with QWEST next few days. They will win Saudi 5 billion dollar deal and much more. They will show improvement in DSOs and inventory turnover with upside EPS surprise. All these + Fed news will propel us to new highs. FYI, I sold CISCO 2001 puts for 70 and 80 Bullish but cautious. BR

To: The Phoenix who wrote (9715)	9/29/1999 11:35:00 AM
From: Kenneth E. Phillipps	Read Replies (1) \| Respond to of 21876

Gary & Brian - Let me reaffirm my respect for Lucent and Cisco as great companies. However, I do believe Nortels annoucement. I do believe they have figured out how to integrate the optical layer with with routing and switching layer and will have a solution that does just that within one year. If Cisco or Lucent had made a similar annoucement, the street would not have reacted the same way they have to the Nortel annoucement. Lucent has to integrate their IP products from Ascend and their routers from Nexabit into their solutions. Cisco, with the acquisition of Cerent, finally has a presence in optical networking but could not accomplish this in one year. At last, we know why Nortel terminated its relationship with Avici. They had a better switch router in Versalar. kep