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


To: Bindusagar Reddy who wrote (9841)10/6/1999 11:45:00 AM
From: Techplayer  Read Replies (1) | Respond to of 21876
 
BR, McGill actually attempted to guide the street above $1.5 in the last CC, saying that the $1.47 average expectation at that time would be beaten by "several cents" for fiscal 2000. What is interesting is that when analysts have recently come out with positive comments, the stock remains flat, but when the long time bears speak, it drops. LU really needs to show an improvement in it's DSO's and cash flow in addition to the normal better than expected earnings this quarter. Brian



To: Bindusagar Reddy who wrote (9841)10/7/1999 6:58:00 AM
From: Techplayer  Respond to of 21876
 
BR, You are right. Soundview did underestimate this year. This was their comment in April..

4/12/99 SoundView downgraded from buy to hold, lowered 1999 from $1.16 to $1.15, 2000 from $1.40 to $1.35

1999 is underestimated by 6+ cents and 2000 is likely to end up off by 20 cents.

Brian