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

To: Rainy_Day_Woman who wrote (7056)	4/5/1999 10:14:00 PM
From: KYA27	Read Replies (1) \| Respond to of 21876

LUCENT MAKES SEVERAL LISTS -- The second annual Forbes ASAP "Dynamic 100" includes 52 repeaters. So where did the new guys come from? The answer: dot com. The revolution will be Webcast. Dynamic companies are supposed to cope with change. That's one of the six factors we used to make our selections. First, we asked about overall responsiveness to change. Marketing expertise was essential on the Internet and elsewhere, as firms invented new ways of getting customers to buy. Human capital is essential in high tech. Alliances and partnerships are often the quickest way to hold a commanding market share or a new or shift market. Finally, good intentions and better prospects aren't enough to make the list. Ultimately, we want to see killer growth. Lucent's entrepreneurial management amazes industry watchers, and its growth has surpassed most people's expectations. A stellar embedded customer base, end- to-end networking solutions, and boatloads of experience should help Lucent keep winning the big contracts. The acquisition of Ascend bolsters Lucent's strong position. [Forbes ASAP, 4/5] Internet companies may dominate the news these days, but they have a ways to go to be a factor in the Fortune 500. Fortune magazine's annual ranking of publicly traded U.S. companies according to revenue was topped for the 11th straight year by General Motors, which took in $161.3 billion in 1998. Lucent was ranked No. 33 on the list, up from No. 37 last year. [Associated Press, 4/4] Today, CEOs are popularly regarded as a new celebrity class. Not so much as captains of industry, but as wealth creators. Innovators. Visionaries. The rising popularity of investing, of course, has made CEOs as prominent as public figures. Worth magazine lists the top 50 CEOs who shine for what they have accomplished to date and who, Worth believes, stand the best chance of excelling well into the future. Lucent's Chairman and CEO Rich McGinn, No. 11 on the list, has drastically accelerated the pace of technological development at Lucent. To expand Lucent's scope and commercial activity, McGinn has been on an acquisition binge, snapping up 11 companies last year. His boldest move came in January, when he bought Ascend. The deal sets up a battle with archrival Cisco in the building of voice/data/video networks. [Worth, 5/99]

To: Rainy_Day_Woman who wrote (7056)	4/6/1999 4:02:00 AM
From: Vendit™	Read Replies (2) \| Respond to of 21876

U.S. stock index futures end sharply higher CHICAGO, April 5 (Reuters) - U.S. stock index futures ended sharply higher in a delayed reaction to Friday's U.S. March employment data which confirmed that the U.S. economy was growing at a strong pace, with few inflationary pressures. ''Everyone went home for the holidays a little too short,'' one trader said. Traders did not have a chance to cover short positions immediately after the U.S. labor data were released as trading in U.S. stocks was shut for the Good Friday holiday. Short-covering was strong on Monday, lifting June Standard & Poor's 500 futures 31.20 points to 1,333.90 before the close. Some had anticipated selling to emerge once June climbed above the 1,330 area. They said strong near-term resistance rested at 1,332. However, the sharp gains in the technology stocks led June S&Ps above those technical levels, traders said. June Nasdaq 100s set a contract high at 2,244. Stock of Microsoft Corp. (Nasdaq:MSFT - news), the most heavily weighted stock in the cash S&P index, rose to a new all-time high. The technology-rich Nasdaq composite climbed to a new lifetime high of 2,560.10 and the Dow Jones Industrial Average ended unofficially at a record high close of 10,007.33. Internet stocks started the week sharply higher on gains in Yahoo! Inc. (Nasdaq:YHOO - news) and America Online Inc. (NYSE:AOL - news). ''It's a Monday and like a lot of Mondays you are seeing fund money come in,'' one floor analyst said. The market shrugged off a report that the chief investment strategist at Bear Stearns cut the stock portion of her asset allocation model portfolio to 55 percent from 60 percent, and raised the cash portion to 10 percent from 5 percent. The strategist, Elizabeth MacKay, said she was most concerned about the conflict in Kosovo. She left the bond portion of the portfolio unchanged at 35 percent. One market analyst said June S&Ps have a slight upward bias as long as the contract holds above the 1,303.50 area. ''I wouldn't be surprised to see the market take out the contract high by Friday,'' he said. Volume in the S&P pit was extremely light. One floor trader said the boards in the afternoon were showing an estimated volume of about 85,000, but he said the number of contracts actually traded felt more like 50,000. At the end of pit trade, June S&Ps were up 30.70 at 1,333.40, CBOT Dow contracts were 182 higher at 10,167, CME Nikkeis were up 70 at 16,450, Nasdaq 100s were up 83.45 at 2,242.95 and Russell 2000s were up 1.50 at 372.35. biz.yahoo.com