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

To: Rande Is who wrote (39174)	10/23/2000 8:31:11 AM
From: KM	Read Replies (1) \| Respond to of 57584

Lucent CEO ousted, they warn again. This will probably put the bottom in Market Pulse Last Update: 8:15 AM ET Oct 23, 2000: Monday, October 23, 2000 LU ousts McGinn, lowers Q1 --8:15 am - By Michael Baron Lucent Technologies (LU: news, msgs) named Henry Schacht chairman and CEO, replacing Richard McGinn in both positions. In addition, the company said it expects breakeven results for the first quarter with a decline of about 7 percent in pro forma revenue from continuing operations. Lucent expects sequential improvement in operating results for the rest of the fiscal year. Analysts polled by First Call were looking for a first-quarter profit of 23 cents a share. The company also said it plans to release fourth-quarter results after the closing bell Monday. In addition, Lucent confirmed plans to continue the spin off of its microelectronics business and sell its power systems business. Schacht had served as chairman and CEO of Lucent from 1995 to 1997. Most recently, he was chairman of Avaya (AV: news, msgs), which was recently spun off from Lucent. Shares of the Murray Hill, N.J., telecommunications firm closed Friday at $22.63, down 3.5 percent. More MarketPulse >> Latest CBS MarketWatch Headlines _ _ Monday

To: Rande Is who wrote (39174)	10/23/2000 8:44:48 AM
From: Rande Is	Read Replies (2) \| Respond to of 57584

A few black eyes out there. . . Lucent restructuring again, fired their CEO, hired another, guided lower on 1st quarter fiscal 2001. . they should be opening at their 52 week low and may put in a new low today. . . I believe changing the CEO will be seen as a good move by the street, so I expect a rebound this week . . . Nortel is down in Europe slightly on this. .. . . .Cisco down about 2 points on Barrons Bash. . . Corning beat the street by a penny, but is trading down about a point-and-a-half in Europe. Usually when Corning beats the street, the fibre sector rallies. . . we'll have to wait for it to open to see what happens, but at this point. . CIEN is trading down about 1.50. . .optic related chips like PMCS and AMCC are trading down a few points. . . JDSU/SDLI are holding their own. . MRVC down about a point or so. Nasdaq futures are holding down about 34 points indicating that we will gap down slightly. . . RIMM being slammed by short-sellers in the pre-market. . .forcing down the price because they can. On the flip side, ARBA is up sharply on several news items, one being the entry to the Nasdaq 100 on 10-27-00. Also selling their large stake in Softbank. WCOM, RBAK, RNWK and BVSN all looking up in pre-market trading. Rande Is