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

To: HiSpeed who wrote (4147)	9/15/1998 10:53:00 PM
From: jim shiau	Read Replies (1) \| Respond to of 21876

Bracing for bad news from Lucent Sept. 15 - Is something wrong with Lucent? That's the question the market has been asking Tuesday as investors in the giant telecom equipment company prepare for Lucent's upcoming annual meeting with financial analysts this Thursday. SHARES OF LUCENT are down today on fears the company will say some negative things about its business on Thursday, despite the fact that in a presentation at an investment conference yesterday, the company did no such thing. In fact, Lucent said the potential market for its products is growing and should hit about $650 billion by the year 2001. The company's presentation also included reference to its 19 percent top line growth in an industry with a compounded annual growth rate of about 14.5 percent. So why the worries? Warburg Dillon Reade analyst Nikos Theosodopolous made some comments Tuesday that are being taken as cautious by the market - although he did not say he believed the company would change its outlook at the Thursday meeting. The analyst did not return calls, but his comments are being attributed for helping along the slide in Lucent shares. Investors tell me as well that given weakness in Asian and Latin American markets, there is a continued fear Lucent will get hurt. And the announcement Monday from Northern Telecom that it is planning layoffs has exacerbated worries. And while the company cannot comment on rumors that it will be forced to pre-announce earnings, sources close to Lucent tell me that is simply untrue.