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

To: Marc Hyman who wrote (20533)	7/18/2002 4:58:58 PM
From: Ben Antanaitis	Respond to of 21876

As I remember the item, CNBC was reporting a 'floor rumor' that Agere had to cancel ~$350M in hardware they were supposed to deliver to LU... hence both stocks were hit today.

To: Marc Hyman who wrote (20533)	7/19/2002 1:57:49 AM
From: Jesica Dawnet	Read Replies (2) \| Respond to of 21876

Yes, I know why it went up, so do millions of other people. There was encouragement about telecommunication stocks that provide fiber, and backbone services. The debt investment to Level 3 really pushed Lucent's stock. This is obvious by comparing the 6 week graph of LVLT and LU. LU is a very large provider of LVLT. Funny thing is that I see the LU stock as the one to invest in, and it is going down, and the LVLT to dump because there are rumors of incorrect accounting, and so, so many other issues with them. To me this means LVLT may be looking at law suits and a possible bankruptcy as well. LU on the other hand is much more trustworthy, and has diversity of customers who are showing signs of improvement already.