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: Sabrejet who wrote (19196)	3/12/2002 10:56:48 AM
From: Daveyk	Read Replies (2) \| Respond to of 21876

From SnP Lucent Technologies (LU): Maintains 3 STARS (hold) Analyst: Ari Bensinger The compant sees a modest-to-10% March-quarter sales rise from the December quarter, below the prior guidance of 10%-15%. The company believes 20% March-quarter gross margin are achievable, and are well below S&P's 24% estimate. Even with lowered guidance, Lucent's sales projections are well above guidance from rivals Nortel and Ciena, both which forecast a significant March-quarter sales decrease from the December quarter. S&P is widening the fiscal 2002 loss per share estimate to $0.19 from $0.15, and believes the target for 35% gross margins during fiscal 2003 (Sept.) are too aggressive. But at an enterprise value of 1.5 times the fiscal 2002 sales estimate, below peer average, S&P thinks the challenges already are factored into Lucent's share price.