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

To: sylvester80 who wrote (20571)	7/23/2002 9:43:28 AM
From: Kenneth E. Phillipps	Respond to of 21876

For once I agree with you. Just hold on until you see the hard evidence of a change.

To: sylvester80 who wrote (20571)	7/23/2002 12:26:26 PM
From: Robert T. Quasius	Respond to of 21876

It is hard to expect an uptick in capital expenditures until telecom fundamentals change. On the plus side, data traffic continues to grow at a steady clip, suggesting that sooner or later capital spending will have to pick up or data networks will become so clogged as to be useless. On the negative side, so many of the telecom providers are in such bad shape financially that they don't have access to capital markets and thus can't spend money. The sickest of these are going bankrupt. In time, pricing power for network capacity will improve, and as the sickest players go through restructuring or BK and emerge with better balance sheets, capital spending will increase. I think we have a few more tough quarters ahead, followed by a turnaround. WS looks only a quarter or two ahead, so I don't expect a turnaround in stock prices until perhaps late this year. Meanwhile, LU, NT, JDSU, GLW, AGR.A/B and a few others represent outstanding value for patient long term investors. Just my two cents.

To: sylvester80 who wrote (20571)	7/23/2002 12:47:57 PM
From: telecomguy	Read Replies (1) \| Respond to of 21876

Hmmm...Sylvester, didn't I tell you CAPEX isn't returning until the Carrier's balance sheet & cashflow stops bleeding? That was quite obvious the past couple of years and it is absolutely surprising to me that someone in Pat Russo's position & visibility did not "see this coming" 6 months ago as Carrier after Carrier were either going Ch.11 or trying to stay out of it by selling assets left & right. Sometimes the obvious is staring at one's face and still looks elusive. Russo is not up to this CEO job in my humble opinion.