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

To: Jagfan who wrote (21679)	1/10/2005 1:45:39 PM
From: David Hansen	Read Replies (1) \| Respond to of 21876

Nine months after [Nortel CEO Bill] Owens arrived to set [Nortel] back on track, it's arguably in worse shape than when he arrived. Revenues for 2004 are expected to have dropped 1 percent to $10.2 billion, according to Bear, Stearns & Co. Revenues for this year are expected to climb 4 percent, but that's behind the 7 percent forecast for Lucent. The reason is largely that Nortel lags behind its peers in selling telecommunications gear to corporations and wireless equipment to phone companies. [Business Week, 1/17]