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

To: Diamond Jim who wrote (12313)	1/7/2000 9:31:00 AM
From: Clay Takaya	Read Replies (1) \| Respond to of 21876

Diamond Jim, Now that the shock has worn off, my inclination is to hold on for at least 2 more quarters to see how this thing plays out. IMHO, one or two missed quarters can't be the criterion for judging this company especially given the huge amount of future business in this sector. Sure, this kind of miss makes you question management's vision, capability in execution and credibility, but even really smart and capable people make mistakes. The difference is that competent people take responsibility, learn and they fix while the rest blame others for their decisions and problems. LU has perfectly exceeded estimates every quarter except for this one and unless some clear evidence of fraud is presented, I believe a couple of problem quarters are acceptable for a long-term investment. Clay