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


To: Anonymous who wrote (14199)3/31/2000 5:25:00 AM
From: MikeM54321  Respond to of 21876
 
Thread- Can anyone that follows Lucent very closely comment on how serious LU has been in breaking into the cable telephony business? First I've ever heard them mentioned in this regard was in the article below. Was wondering if anyone knows anything about a product program to get into this sector. Not IP telephony, but circuit-switched cable telephony. Thanks. -MikeM(From Florida)


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AT&T Signs with Supplier of Cable-Telephone Systems

Mar. 31--Tellabs Inc. won a major contract to supply AT&T Corp. with systems that deliver telephone service over cable TV lines, the companies said Thursday.

The deal represents a major coup for the Lisle-based telecommunications equipment manufacturer, which has long tried to land the country's biggest provider of long-distance phone and cable TV service as a customer.

Although the dollar value of the contract wasn't announced, it may run into hundreds of millions as AT&T rushes to upgrade the cable TV systems it has acquired over the past several months to reach about one-third of the nation's homes. It bought the cable systems to reach local customers directly, bypassing competing phone companies like Ameritech. It's eager to use its connections to bundle local phone, cable, high-speed Internet connections and other services.

"It's a big win for Tellabs," said Polina Ialamova, an analyst with Advanced Equities based in Chicago. "AT&T has been a hard account for them to get. AT&T always tended to favor Lucent Technologies, which it used to own, as its main vendor.

"Tellabs has been trying very hard to get AT&T, and Lucent hasn't really delivered on some promised new products over the last several months."....



To: Anonymous who wrote (14199)3/31/2000 7:49:00 PM
From: Anonymous  Read Replies (2) | Respond to of 21876
 
Same type of close as yesterday...a big kicker after hours.

siliconinvestor.com

In about two more trading days, my portfolio will be where it was back on 2/25/00 when I decided to get back into this stock. It was a great ride up on 3/1 thru 3/6 and a disappointing slide back to this point in time.

Too bad that character from Texas had so much of an affect on this stock with his phony post about a pre-warning concerning earnings. And of course the Fed announcing another rate hike the day before didn't help. And the tech sell-off in the last couple of days just drags down LU in sympathy.

I thought and was hoping that LUCY could get herself established in a trading range around 66 to 68 for awhile but it didn't happen and now look where we're heading once more...back to the 50's again.

I just thought I'd say something since this room is sooooo quite these days...not at all like it was just about two weeks ago....anon.