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

To: Tim O. who wrote (14483)	4/21/2000 9:17:00 AM
From: Kenneth E. Phillipps	Read Replies (1) \| Respond to of 21876

"Lucent isn't Out of the Woods Yet" smartmoney.com

To: Tim O. who wrote (14483)	4/21/2000 12:42:00 PM
From: jack bittner	Respond to of 21876

thanks Tim. if you mean don't ask you to explain why they put customer related "r&d" under cogs, i see that they'd be relating this sort of r&d to the specific research they did to effect and complete a specific sale. that's ok with me, i can see that they might learn stuff generally useful in such activity. here, what bothers me is the inconsistency. as i asked mr fun, what do their peers do and why is lu changing now. does no one else call such work r&d, and lu now decided to tell the truth about it? Or is it arbitrary? If so, why make it so HARD for us to read their statements? My experience with people is that when their facts are shifty so are they. i wish i knew what quantity mr fun refers to about this reclassification of cost of goods sold r&d when he calls it "considerable". and i'd like to know by how much r&d was reduced, and what part of that r&d reduction was caused by reclsassifying r&d related to specific sales. life is complex enough, tech investing even more complex. who needs to invest in a company' management who, when you ask them "where is your ear?", they reach over the top of their head with their right hand to touch their left ear, and say sweetly: "here." i keep writing this stuff hoping someone will tell me FACTS that prove my opinion about lu top management wrong, so i can get a sense that lu is undervalued.