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

To: Anonymous who wrote (14183)	3/31/2000 1:38:00 AM
From: Anonymous	Read Replies (2) \| Respond to of 21876

In this morning's paper (Thursday, Mar 30) there was an article written by Erik Schatzker of the Bloomberg News Service. In it he writes.... "Lucent forecasts sales of its fiber-optic components will rise about 80 percent to more than $1 billion this year. Even so, the company is facing a slowdown in revenue growth and may have trouble meeting its goal of boosting sales 17 percent in the fiscal year ending Sept. 30, analysts said. Stephen Koffler, who followed Lucent for Schroder & Co., in February lowered his estimate for fiscal second-quarter sales to $9.2 billion from $9.7 billion. He said lower demand for Lucent's traditional voice switches may have caused the company to cut prices. Switches, software and office phone equipment still make up about a third of Lucent's revenue. Lucent, of Murray Hill, N.J., told analysts Jan. 6 to expect profit of 21 cents to 23 cents a share, down from forecasts of 26 cents. Analysts now expect a profit of 22 cents, compared with 17 cents a year earlier. ""I don't believe they're going to make their own numbers,"" said Gruntal & Co. analyst Mike Davies, who rates Lucent a buy." This was in an article about Internet suppliers gearing up for high demand. The writer, Schatzker, also mentions other companies like Cisco, JDS Uniphase, Ciena, DWDM, Corning, Sycamore....all in glowing terms...the only one struggling with making financial progress was of course Lucent, my biggest holding. All these press releases about this contract and that contract doesn't have the affect on the stock price as does a small mention in a big article with a statement like above. Anon -