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

To: Jack Kunkle who wrote (4444)10/1/1998 11:30:00 AM
From: Mark Palmberg  Read Replies (1) | Respond to of 21876
 
"We're seeing carriers are moving forward and making investments to take advantage of the opportunities and enhance their positions," Mr. McGinn said Wednesday in an interview. He added that he "is not uncomfortable" with analysts' fiscal 1998 estimates of about $30 billion in revenue and earnings of about $1.70 a share for the Murray Hill, N.J., company. Lucent was spun off from AT&T Corp. two years ago and has been a favorite of investors ever since.

Lucent executives dismissed fears of a capital-spending slowdown by customers. "We are engaged in very detailed planning discussions with service providers all over the world," said Carly Fiorina, president of the company's global service provider business. "The primary demand is strengthening over time, not weakening."

If you hold Lucent stock you may want to print this post, date it, and then write down today's closing price for Lucent at the top of the page (hell, you might as well record the DOW's closing price as well). Then stick it in your dictionary or safety deposit box and refer back to it in 12 months.

Mark



To: Jack Kunkle who wrote (4444)10/1/1998 12:27:00 PM
From: Kenneth E. Phillipps  Read Replies (1) | Respond to of 21876
 
"Northern Telecom Ltd. warned this week that it will record lower-than-expected third and fourth quarter revenue."
This is another example of very sloppy news reporting by the WSJ. NT reported lower than expected revenue for the third quarter and expected revenue for the year with expected earnings for the year. The analysts were listening. They were so eager to downgrade the whole sector, they misquoted the report.


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