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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?

To: Tradelite who wrote (30099)	7/20/2000 8:27:55 AM
From: Rande Is	Read Replies (3) \| Respond to of 57584

Lucent says profits rise, to spin off MicroElectronics unit in an IPO. NEW YORK, July 20 (Reuters) - Lucent Technologies Inc. , the world's largest telecommunications equipment maker, on Thursday said it plans to spin off its microelectronics unit and reported quarterly profits from continuing operations rose 30 percent, surpassing Wall Street expectations. Murray Hill, N.J.-based Lucent said its profits for the fiscal third quarter, ended June 30, rose to $1.007 billion, or 30 cents a share, from $732 million, or 23 cents a share, a year earlier. Analysts had expected earnings of 29 cents a share, according to research firm First Call/Thomson Financial. Third-quarter revenues increased 20 percent, to $8.713 billion from $7.245 billion a year ago, amid strong sales in data and optical networking equipment. Sales of equipment to telephone companies and other service providers rose by 16 percent to $6.885 billion, while sales in microelectronics and communications technologies increased by 39 percent to $1.809 billion. Lucent also scaled back some growth forecasts. It said it expects fourth-quarter pro forma revenues and earnings per share from continuing operations to grow about 15 percent, lower than its previous forecast of about 20 percent. In the first quarter of 2001, revenues from continuing operations will increase 20 percent, but pro forma earnings per share will fall 15 percent, due in part to a switch to products with lower profit margins, it said. For the full year fiscal 2001, the company expects to return to 20 percent revenue growth and 20 percent growth in pro forma earnings per share. REUTERS Rtr 07:33 07-20-00

To: Tradelite who wrote (30099)	7/20/2000 10:21:34 AM
From: Tradelite	Read Replies (1) \| Respond to of 57584

Anyone watching OVTI (recent IPO)?....very impressive momo and a good story behind the stock.

To: Tradelite who wrote (30099)	7/20/2000 12:13:00 PM
From: DlphcOracl	Read Replies (4) \| Respond to of 57584

Tradelite: I couldn't disagree more. Look at a 2-year chart of LU and you'd know why I hate this stock. Why throw money into this dog when you can put the money into winners like GLW, NT, TXN, NOK, etc. There is no level at which LU looks attractive to me; I'd rather wait for better entry points in quality stocks with dominant market positions.