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


To: Elroy who wrote (20467)7/10/2002 5:10:34 PM
From: shortilong  Respond to of 21876
 
Good News from the Telecom sector - not likely. But, has it occurred to anyone that Lucent is a lot more than Telecom?
Bell Labs has been responsible for some of the most innovative tech products in history--- problem was, in the past , they were more focussed on simply designing new products. New management at Lucent has made it a priority for engineers to not only design , but package the new ideas into marketable form. Some of the things they are working on at Bell Labs that i find fascinating are nano technology and Bucky Balls. Check the Lucent website.

And expect the unexpected------- someone or most likely, some entity (ie mutual funds) is accumulating these shares .
Best of Luck to us all S Long



To: Elroy who wrote (20467)7/10/2002 6:01:24 PM
From: Dolfan  Read Replies (1) | Respond to of 21876
 
Well, hell I am just saying this due to the big buys lately and the percentage gains. Who would have figured when NT passed us by that we would fly past them and land in the 2's?

Something must be up or is it LU confidence is gaining amongst it's investors. I agree with you 100% regarding the industry but someone is banking pretty big that LU will survive and thrive. Could this be short covering before the earnings announcement. Are they afraid they will be Squeezed?



To: Elroy who wrote (20467)7/10/2002 6:43:40 PM
From: sylvester80  Respond to of 21876
 
Europe optical network spending set to grow-study

biz.yahoo.com

Tuesday July 9, 6:30 pm Eastern Time
Reuters Company News
Europe optical network spending set to grow-study

SAN FRANCISCO, July 9 (Reuters) - Spending by European telecom carriers on optical equipment will more than double to $6.3 billion over the next four years to meet growing demand for broadband connections, according to a report on Tuesday.

Of that spending, European carriers and service providers will nearly triple investments in network routers and switches between this year and 2006 to $4.5 billion, according to the report by research firm Infonetics Research Inc.

The report provided a glimmer of hope for network equipment makers, some of the most battered technology companies. Their revenues and shares have plunged as carrier financial troubles mounted, leading to sharply reduced spending on equipment in the bigger U.S. market.

The American Stock Exchange Network Index (AMEX:^NWX - News) on Tuesday closed at 142.71, down 90 percent from its all-time high of 1,401.26 on Sept. 1, 2000.

No. 2 Internet router maker Juniper Networks Inc. (NasdaqNM:JNPR - News), for instance, relies heavily on carriers for sales and its shares have dropped 74 percent over the past 52 weeks.

Juniper reports second-quarter results on Thursday. Analysts, on average, expect revenues of $109.6 million -- down 46 percent from $202.2 million a year earlier, according to research firm Thomson First Call.

Kevin Mitchell, directing analyst for Infonetics, cautioned that the forecast only projects growth starting in 2003.

"It's not rosy in the immediate future," he said.

Longer-term, however, European carriers need to get more traffic on and revenue from their underused long-distance networks, Mitchell said.

That makes the "metro market," where households and businesses link to broadband networks the "bright spot" in Europe for network gear sales, said Richard Webb, European market analyst with Infonetics.

Among the services European consumers and businesses will be pitched: Virtual private networks, network storage and security, voice-over-Internet protocol and wireless data access and management, Mitchell said.