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Technology Stocks : Qualcomm Incorporated (QCOM) -- Ignore unavailable to you. Want to Upgrade?

To: limtex who wrote (47049)	11/2/1999 1:32:00 PM
From: T L Comiskey	Read Replies (1) \| Respond to of 152472

All...OT...Kind of Interesting Last Line.......Tuesday November 2 1:06 PM ET Lucent To Cut 1,500 U.S. Jobs NEW YORK (Reuters) - Lucent Technologies Inc (NYSE:LU - news)., the world's largest telecommunications equipment maker, Tuesday said it planned to eliminate about 1,500 jobs from its U.S. operations, or about 1 percent of the work force, mainly through voluntary buyouts offered to technicians. Lucent spokesman Bill Price said the company Monday told its employees about the company's plans to trim the work force, which now totals 153,000. Murray Hill, N.J.-based Lucent, which expects to eliminate 1,200 jobs from the buyouts, asked for volunteers from its staff of 7,000 business phone service technicians to leave the company, Price said. He said more than two-thirds of the technicians were eligible to receive full pension benefits as well as two years pay under the buyout package. He said he was not able to provide the specifics for employees who did not have enough years of service to be eligible for the full package. The company is also cutting 280 jobs by closing two centers that handle billing and ordering services to large customers, Price said in a telephone interview. Employees who work at the centers, which are located in Silver Spring, Md., and Tucson, Ariz., will be offered help in finding other jobs outside of Lucent. They may also apply for other jobs within the company. All of the cuts should be completed by the end of the year, Price said. The Communications Workers of America, which was not immediately available for comment, represents most of the workers who stand to lose their jobs. Price said the technician jobs were no longer needed because the company now has systems in place that allow for remote diagnosis of problems as well as repairs. Lucent is also getting out of the business of installing wiring in buildings, he added.

To: limtex who wrote (47049)	11/2/1999 1:39:00 PM
From: Cooters	Read Replies (2) \| Respond to of 152472

<<Well whatever Q3 turns out to be Dr J should have a pretty good handle on Q4 by now and he may tell us this aftenoon. >> These are the Q4 results. Their FY99 ended last month. Cooters

To: limtex who wrote (47049)	11/2/1999 1:48:00 PM
From: 16yearcycle	Respond to of 152472

This is q 4 but I think Gregg was talking about the end of this calendar year.

To: limtex who wrote (47049)	11/2/1999 2:01:00 PM
From: DOUG H	Respond to of 152472

you may be right about the selling albiet light. sold the trading shares I have 225ish. My core holding ain't going anywhere. the IC-comm companies I have invested in have had very good qtrs. you recall in the last CC. the co. said the only limitation to growth of last qtrs #'s were componenet supply. I knew they'd bust ass to get more product out and they did. that means to me that Q sold a lot of stuff as well. I think they'll beat estimates and the forward looking statements will be very, very encouraging.