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

To: GVTucker who wrote (19602)	3/22/2002 2:52:29 PM
From: sylvester80	Respond to of 21876

No news. Was expected. In fact Moody's is late. S&P did it last week. "The downgrade follows a similar move by Standard & Poor's, which last week cut its rating one notch to single-B-plus from double-B-minus. Fitch Ratings recently affirmed its double-B-minus rating, with a negative outlook. Lucent first fell to speculative status in June of last year." Junk is junk I say. No news there. LU has been in junk status since June last year. So what? In fact LU is in better shape now than last June (mind you I said Lucent not the telecom market :) And the fact that Lucent has plenty of liquidity and no need to tap their credit line and that the stock is already trading at a price as if LU bankrupt... who cares... just more opportunities for ST trades... I just think Moody's and S&P got under so much hot water with Enron that now they've gone the extreme other way... but now it's too late though... JMHO.