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Technology Stocks : Lucent - News Only -- Ignore unavailable to you. Want to Upgrade?

To: KYA27 who wrote (11)	4/13/1999 7:42:00 PM
From: Mark Duper	Read Replies (1) \| Respond to of 14

I know I've been slacking but I had to post this one: Lucent sets bullish view Telecom gear giant vows to match or top target By Alexander Davis , CBS MarketWatch Last Update: 7:00 PM ET Apr 13, 1999 NewsWatch MURRAY HILL, N.J. (CBS.MW) -- Lucent Technologies moved Tuesday to squelch concerns about its earnings outlook as the telecommunications equipment giant vowed to match or surpass Wall Street's fiscal second-quarter view. Today on CBS MarketWatch Intel warns of flat revenue Merrill, PaineWebber blast estimates Little sign of inflation in the CPI Intel dominates the radar Cisco buys Geotel for $2 billion More top stories... CBS MarketWatch Columns Updated: 4/13/99 5:40:18 PM ET Lucent (LU: news, msgs), which has seen its stock drop steadily in recent days, put sales for the period at more than $8 billion, which translates into growth in excess of 30 percent. That would allow its per-share earrings to be at least 15 cents a share, the number that 30 analysts tracked by First Call estimated it would earn. "Lucent saw strong growth this quarter both inside and outside the U.S.," chairman Richard McGinn said in a statement after the market closed. "We remain very confident about our short-term and long-term prospects as our customers continue to invest in the communications networks of the future." The company, slated to issue official results April 22, said it decided to issue the statement "in response to recent market speculation about the quarter." McGinn added the company expects sales growth of 19 to 20 percent for the year.