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

To: DiB who wrote (20202)	6/4/2002 5:19:45 PM
From: sylvester80	Respond to of 21876

speculation that Lucent will do another convertibles' offering ala NT LU already did one in March and has $5.5 billion in cash and positive cash flow. I don't buy that one second. And on the issue of bad quarter... LU is trading at book value with 0.7x sales; how bad can it be that isn't already factored into the price. I say this is all BS and so I bought the close. We'll see but so far I have done well on my LU short term trades. I expect the same during the next few days. In fact Lucent is already trading nicely up from my buy after hours. JMHO.