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

To: The Phoenix who wrote (9854)	10/6/1999 3:45:00 PM
From: Techplayer	Respond to of 21876

Gary, To be honest, I do not know what to think. we are in a day traders market right now. Those companies getting hyped will do well. Those getting visibility on the negative side will not. To see Prudential and Painewebber give very positive remarks that get no press while soundview and lehman get public mention seems a bit selective to me. a few words of hype around next gen networks that reference the billions in deals recently announced, backed by positive forecasts will be the only thing that gets this train back on the tracks fir the short term. all imo.. brian

To: The Phoenix who wrote (9854)	10/6/1999 3:52:00 PM
From: GVTucker	Read Replies (1) \| Respond to of 21876

Gary, RE: I don't understand why the street doesn't see that LU's valuation is low at these levels. LU still has issues regarding its financial statements in the Street's eyes. The cash flow problem at LU has been continuously debated, and it did improve last quarter, but there is still a worry about LU's cash flow. In addition, LU's pension accounting has given additional ammunition to the bears. A Bear Stearns accounting analyst issued a damaging report about LU's pension income, and stated that LU profit would have declined 15% in fiscal '98 without this income. LU's competitors do not have these issues; although they certainly aren't pristine when it comes to financial reporting (see CSCO and acquisitions, for example), LU's issues are significantly larger, and thus the discount.