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Strategies & Market Trends : Steve's Channelling Thread -- Ignore unavailable to you. Want to Upgrade?


To: Bosco who wrote (6053)10/10/2000 4:14:14 PM
From: xcr600  Read Replies (1) | Respond to of 30051
 
Well this won't help. If YHOO blows it too.. look for a limit down open.

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Lucent Tech (LU) 31 3/8 -15/16: -- Update -- Lucent cites three factors for the warning: lower than expected revenues and margins in the optical systems business, higher reserves for bad debt in the emerging service provider market, and larger than expected decline in circuit switching business. Of these, the first and third have been problems for Lucent all year and appear to be company-specific, but the second is something that recently hit Ciena (CIEN) as well and could be a factor for other optical equipment vendors.