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

To: Jeff Jordan who wrote (21458)	1/13/2004 5:41:26 AM
From: Neil H	Read Replies (1) \| Respond to of 21876

UPDATE - Motorola, LU, others win $2 bln of China deals-sources Monday January 12, 11:30 pm ET By Ben Klayman and Juliana Liu CHICAGO/BEIJING, Jan 12 (Reuters) - Motorola Inc (NYSE:MOT - News) and Lucent Technologies Inc (NYSE:LU - News) will lead U.S. companies on Tuesday in signing more than $2 billion of sales to China's top telecoms and computer firms, sources close to the deals said. Motorola's wireless equipment unit will announce deals worth more than $1 billion with cellphone carriers China Unicom Ltd (HKSE:0762.HK - News; NYSE:CHU - News) and China Mobile (Hong Kong) Ltd (HKSE:0941.HK - News), said one source who asked not to be named. The deals, which will be fulfilled over an extended period, will be announced in Washington and come as China falls under growing pressure to ease its trade imbalance with the United States. "There is definitely an element of political theatre in this, but it correctly sends a strong message about the importance of bilateral relations and bilateral trade," said Patrick Horgan, managing director of consultants APCO Worldwide in Beijing. Lucent will receive about $350 million in contracts, while Cisco Systems Inc (NasdaqNM:CSCO - News) will get about $140 million from Unicom and China Telecom Corp (HKSE:0728.HK - News; NYSE:CHA - News), China's biggest fixed-line carrier, according to other sources who spoke on condition of anonymity.

To: Jeff Jordan who wrote (21458)	1/15/2004 12:56:25 PM
From: David Hansen	Read Replies (1) \| Respond to of 21876

Jeff, But looking for opportunity from a stock that had been still priced for bankruptcy - I don't think the finer details matter for the short term. There's no doubt Lucent management of the past had screwed up without ever owning up to it. Mixed in with the old faces is some new blood - I say there is some hope here for a healthier, profitable Lucent in the future. There certainly has been a great deal of work put into streamlining the business. In the next couple quarters we get to see if the present Lucent management has picked the right products and technologies for 2004 and beyond. I think LU is a clear early 3G/1xEVDO winner. Looks like the access business (old Ascend) is healthy with new and leading ADSL2+ products... I still see Yurie's Packet Star (Lucent's PSAX) everywhere... Metro optical with DMX products are in a good fight with Cisco's Cerent offering. Verizon standardized on DMX... Good news... <Lot's of bad news behind us...> We may see $6 in this baby by February... If so - I think I'll take some profits and sit out awhile...