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


To: Bald Man from Mars who wrote (60221)1/6/2000 5:17:00 PM
From: zello  Read Replies (3) | Respond to of 152472
 
After three days of declines (two steep declines) Gateway and now Lucent warning. And, with many beloved bell weather tech. stocks way down and even more so in after hours (eg. CSCO, NT) you better believe there is fear on the street. LU's warning just did it.

Lucent Sees Profits Below Estimates
NEW YORK (Reuters) - Lucent Technologies Inc. (NYSE:LU - news), the world's largest telecommunications equipment maker, on Thursday said it expects its first quarter profits to be below Wall Street expectations on flat revenue growth due to changes in customer purchasing habits, lower software revenues and lower-than-expected gross margins.

Lucent's expected first quarter shortfall marks a drastic shift from its previously stellar track record. Until now, Lucent had exceeded Wall Street's forecasts every quarter since it was spun off from AT&T Corp. in 1996.

You don't sense fear in the above news wire?

Z