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

To: Anonymous who wrote (16255)	9/25/2000 4:10:46 PM
From: John Koligman	Read Replies (1) \| Respond to of 21876

Hi Anon - Looks like nobody reads SI here <ggg>. Right off the front page... Regards, John Lucent Hits New Low Amid Rumors Sep 25 3:56pm ET NEW YORK (Reuters) - Lucent Technologies Inc. shares hit a two-year low on Monday as market rumors resurfaced the telecommunications equipment maker may miss its profit and revenue targets for the fiscal fourth quarter and its chairman may be forced to resign, analysts and traders said. In heavy trading on the New York Stock Exchange. Lucent's stock lost $1-1/8 to $30-11/6, a price not seen since October, 1998. Lucent's stock has lost nearly 59 percent so far this year. ``The word is that they are going to miss the quarter and that (Lucent Chairman Rich) McGinn is on the street and they've hired (executive search firm) Korn Ferry to find a replacement,'' said one industry analyst who declined to be named. Lucent declined to comment. Korn Ferry did not immediately return calls seeking comment. The rumors underscored the pressure Murray Hill, N.J.-based Lucent faces as it attempts to rebuild investors' confidence, catch up to rivals in the booming optical networking industry and restructure its operations. ``There's tremendous pressure on Lucent, and McGinn, in particular. If they have a good quarter, he gets a reprieve. He has a quarter-by-quarter lease on life. If they miss the quarter, he won't be there for the (earnings) conference call,'' said another analyst who declined to be named. Lucent stock has been weak since January when the company said it had been unable to manufacture new-generation networking products fast enough to keep up with robust customer demand. Lucent admitted it failed to gauge customers' quick shift toward high-speed fiber optic products and it fell behind rivals such as Nortel Networks Corp. (NT.N)(NT.TO) Catching up has been more difficult and time-consuming than Lucent planned, forcing the company to trim its growth outlook twice this year. In July, the company said its fourth-quarter pro forma earnings per share would grow only about 15 percent and revenues would increase 15 percent, below Lucent's previous forecast of 20 percent growth. Wall Street expects Lucent to post ongoing pro forma earnings of 27 cents a share, compared with 25 cents a share a year ago, according to research firm First Call/Thomson Financial.

To: Anonymous who wrote (16255)	9/25/2000 7:29:54 PM
From: Anonymous	Read Replies (3) \| Respond to of 21876

Remember we've got to endure a slight adjustment for the AVAYA spin-off coming this Saturday. AV starts trading on Monday and that should knock LUCY down either this Friday or even Monday. Here's that question again that I wanted to throw out a couple of days ago. Everybody is welcome to take a crack at it. It goes something like this..."You would think that the LUCENT management and all their top advisors should be pretty hip to what traditionally happens during the month of September (it supposedly is mostly always a down month, end of quarter, etc) then why did they choose the end of September to spin-off AVAYA? Why not do it during a month when the market is traditionally UP^^^? Anyone have an answer to that one?.......ANON