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

To: stock bull who wrote (21722)	4/5/2005 8:55:56 PM
From: Anonymous	Read Replies (2) \| Respond to of 21876

Found the following while searching the Internet: On 3/28/05 Prudential Financial downgraded Lucent to "neutral." Yesterday, 4/4/05, Analyst Mark Sue of RBC Capital Markets maintained his "sector perform" rating while reducing his estimates for the company. The target price has been reduced from $4.50 to $3.50. Also mentioned was the following by the analyst...In a research note published this morning, the analyst mentions that channel checks indicate that the company's EVDO deployments at Verizon Wireless and Sprint are showing early signs of a slowdown. Lucent Technologies is unlikely to gain significant revenues from its recently signed contract with Cingular until 2006, RBC Capital Markets says. The EPS estimate for 2005 has been reduced to $0.16. So much for old LUCY. The question arose on CNBC today by someone phoning in that they wondered what was the reason for Lucent's decline in price since the first of the year, especially in the last couple of days. The question was directed to two guests that the show had on (sorry I can't remember who they were) and one guy thought that Lucent was well positioned now and should be a good buy. He said they were making money these days. I guess they hadn't seen the above downgrades, etc., etc., etc. And the long wait continues.