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

To: TigerPaw who wrote (12395)	1/7/2000 4:42:00 PM
From: Zoltan!	Read Replies (2) \| Respond to of 21876

Analyze This Despite all that, Lehman Brothers analyst Levy got a small measure of revenge Friday, downgrading the stock to neutral and unveiling a new, trimmer price target. His report, "Lucent: A Funny Thing Happened on the Way to the Networking R/EvoLUtion," had Levy knocking down his rating for the stock just two months after he had upgraded it. With an astute grasp of the obvious, the report notes of Levy's new 12-month price target of 57: "This is significantly lower than the $95 level we set just yesterday." But the report features less of the fury that the egg-faced Levy spat into the phone last night as he was preparing to call Lucent CFO Don Peterson. For instance, Levy stops far short of predicting doom for Lucent, calling the problems "temporary" and saying they "most likely will be fixed in the next few quarters." Levy concludes that "the company remains well positioned, in our view, to capitalize on the Networking R/EvoLUtion that is clearly under way. It is just a matter of better synchronization of the company's execution abilities and Wall Street expectations." Maybe Levy will take some tips from Peterson in the smooth-talking department as he tries to do some explaining of his own. thestreet.com