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

To: David Hansen who wrote (21640)	10/19/2004 7:45:16 PM
From: stock bull	Respond to of 21876

Well, by this time tomorrow we'll know how all this plays out. Stock Bull

To: David Hansen who wrote (21640)	10/20/2004 12:41:39 AM
From: Elroy	Read Replies (1) \| Respond to of 21876

Wow, I'm amazed that your perception of history is the opposite of mine! I think many jaws will drop at the quality of these earnings... But LU has had extremely low quality earnings the entire year. 90% of their reported operating profit has been due to gains on the pension plan, not from operations. Their cash operating margin has been below 2% the entire year. All the indicators are pointing up for LU... You're kidding, right? CLS negatively pre-announced the September Q, and said 75% of the shortfall was due to a telecom customer, and LU is CLS's biggest telecom customer. ANDW negatively pre-announced the September Q, and LU is ANDW's biggest customer. What indicators are you looking at? Wireless has been huge this quarter and Lucent is dominating. No, wireless has suffered from an inventory correction this Q. ANDW supplies wireless sub-systems to companies like LU, and negatively pre-announced the September Q. NT negatively pre-announced the September Q. That is the opposite of huge. Anyway, we'll see what tricks they can pull out of their hat tomorrow morning.