Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Jeff Jordan who wrote (17551)	1/24/2001 9:08:04 AM
From: John Soileau	Read Replies (1) \| Respond to of 21876

Early trading will be interesting. Hard to evaluate the news overall, lots of pluses and minuses in there. 1.6 bn is a scary charge, but on the other hand cleans house for great subsequent quarters. The headcount reduction is big, they certainly didn't cop out there. The -.30 earnings is worse than consensus, but that means they likely were ultraconservative in their accounting and stuffed extra horribles in now, obviously a smart move. The 2 bn cost savings _if realized_ would do wonders for the bottom line, that's a plus; but they have to realize these savings going forward, which will take great management, and they haven't been great at realizing any targets for a while. Earnings on continuing ops are not looking good at all, a big minus (or has AVAYA been subtracted out of there)? Finally, where's the leadership news? Don't see any in there. That's a big minus which needs to go away. Any thoughts on the news release/ market reaction? John