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


To: Techplayer who wrote (10308)10/19/1999 3:53:00 PM
From: William Hunt  Read Replies (2) | Respond to of 21876
 
briand ---I would not put the last three days at Street.com door steps ----Instead this belongs to Mr McGINN for causing the stock to act this poor -
1) McGinn new of the revenue growth as far back as August otherwise he really does have a vision problem . If their are to be layoffs he is the one who should have brought it to the market . It would have provided the message that I am aware of the problem and I will take appropriate actions ( restructuring ) . If Mr Fun is right we are looking at least a 2 billion dollar charge for the coming qtr .
2) By postponing the earnings announcement for this past qtr from today until OCT 26 all he has done is increase the uncertainty or doubt . By the way I was watching the trades for the last half hour ---most were under a thousand share blocks
3) He likes to talk when good times are ahead why not now ---why not share his vision for next year. What he has created is a climate of mistrust between the company and investors whether they are big or small . Doubt has a way of becoming pervasive
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BILL