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

To: RavBruce who wrote (10346)	10/19/1999 5:52:00 PM
From: Maverick	Respond to of 21876

LU's Stinger DSLAM will compete against CMTN Copper Mountain Networks (CMTN) 91 11/16 +4 7/8. Shares of Internet backbone stock have advanced as many as 6 5/8 points on the session, as investors/traders position themselves in stock ahead of company's q3 earnings due out after the close of trading. Has been just three months since the Palo Alto, CA-based company transformed itself from an obscure, recent IPO which on a good day traded a couple hundred thousand shares, to a card-carrying member of one the most recognized names (or, at least symbols) in the equity market's most visible groups... Going into this afternoon's earnings report, the stock sits 30% off its $135 all-time high. The move to $135 came soon after CMTN made its first quarterly report as a publicly traded company. And it was a doozy... Q2 pro forma earnings came in 150% above Wall Street views. Revenues grew 73% sequentially and more than 1500% on a yr/yr basis... This time around, analysts looking for CMTN to come in at $0.12 a share, with estimates ranging from $0.10 to $0.13 a share... Going into earnings, CMTN has several things going for it: 1) with this being just CMTN's second earnings report since its IPO, analysts likely to have kept estimates on the conservative side; 2) stock is far enough off its highs that a sell-the-news reaction is unlikely to occur; unless, of course, CMTN manages to only match or moderately exceed estimates; 3) CMTN shares trading at level that could trigger company to announce a stock split... But while most signs point toward another qtr of prosperity for Copper Mountains, there are sizeable risks to owning this stock going into its earnings report. In our opinion, the most notable of these risks are: 1) the announcment of a secondary offering; 2) warning that Lucent's (LU) recent introduction of competing product will negatively impact sales. - DS of Briefing.com

To: RavBruce who wrote (10346)	10/19/1999 7:10:00 PM
From: Cooters	Respond to of 21876

<<I am extremely concerned with the loose financials at LU.>> It is my understanding they are the most conservative infra provider(accounting-wise) when it comes to booking revenues. I don't have the details in front of me, but I seem to remember they only book revenues when the customer accepts the installed product as opposed to when it ships. I think they also are very conservative for overseas sales. I hope you aren't coming to these conclusions from the drivel and slobber here lately. Cooters