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| Author | Topic: Lucent Technologies (LU) |
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InvestorGuide Daily Administrator |
posted 03-01-2000 06:34 PM
 
Lucent Technologies shares shot up 15% after announcing plans to spin off voice and data equipment operations that accounted for 21% of its revenue last year. (source: SJ Mercury Center) http://www.mercurycenter.com/svtech/news/breaking/merc/docs/011045.htm |
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InvestorGuide Weekly Administrator |
posted 02-21-2000 10:41 AM
When Lucent snapped up Ortel, networking experts were left searching for the overarching strategy. Is any cable systems company safe? http://www.herring.com/investor/2000/0215/inv-lucopt021500.html |
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newsman |
posted 02-17-2000 11:05 AM
Lucent's CEO is still trying to allay fears that Lucent's problems might be the start of a long downhill slide: "What happened in the first quarter was not a market issue. For us it was an execution issue," CEO McGinn said. The company plans to increase the amount of optical networking equipment its manufacturing plants make, and is hiring 290 technicians to build optical-based networks for customers. Lucent expects to meet demand for optical networking equipment by the end of the current quarter in March, and will release 18 previously announced optical products by the end of June, he said. So it does look like they're taking steps to avoid a repeat of last quarter's problems, and I do expect them to get back on track, but I don't think they'll ever be able to go head-to-head with Cisco. |
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InvestorGuide Daily Administrator |
posted 02-07-2000 06:45 PM
Lucent Technologies will acquire Ortel, a leader in optoelectronic components for broadband CATV networks. http://lucent.com/press/0200/000207.mea.html |
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Machiavelli |
posted 01-31-2000 03:00 PM
smario, you make a really good point. Part of the problem is that their biggest clients are baby bells, clients which only serve to solidify their hold on old-world technology. And many of these bells aren't doing well. When you are leveraged to weak clients, you are in a dangerous space, where you can let Wall Street down. A similar thing is also happening to a company called Tellabs - weak clients who use old technology. |
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smario |
posted 01-21-2000 10:20 AM
The main thing I don't like about Lucent is how easy it is becoming for the competition to leapfrog them. Sure they own more patents than the entire world it seems, but it is key to remember they were originally spun off from AT&T. The reason this is important is that Lucent is still holding on to old-world switch technology. It's very hard, as IBM has been seeing, to move completely away from your core technology. A company like Nortel, who has been building fiber-based complete next-generation switches (which for Lucent to do would mean scrapping all the old infrastructure), is easily grabbing clients and market share from Lucent. This is also why AT&T is slowly but surely losing to competition - their network is just too old and too costly to upgrade (overhaul). Until Lucent finds a way to break free from the hindrances of their antiquated switch technology, it will be very difficult for them to climb out of the increasingly widening hole they have dug themselves. |
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InvestorGuide Daily Administrator |
posted 01-20-2000 06:19 PM
Lucent disappointed already reduced earnings estimates. http://www.cnnfn.com/2000/01/20/technology/lucent_earns/ |
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mrcool |
posted 01-17-2000 04:34 PM
I agree. This is the first time Lucent has fallen short of analyst expectations since being spun off from AT&T in 1996. Lucent claims that it thinks things will be better than previously expected for the second half of the year, and still expects to meet previous full-year projections. Analysts obviously don't agree with this prediction, and based on the magnitude of the stock's drop, most investors don't either. If you believe Lucent, it's time to buy. If you believe the analysts, it's not. |
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Machiavelli |
posted 01-14-2000 12:47 PM
Here's a great explanation from the Fool on why Lucent is in the situation they are in: "To put it simply, Lucent's management screwed up. They mis-executed on a number of fronts, including manufacturing bugaboos and being out of touch with their customers' technology needs. Whether Lucent's management was focusing on short-term incentives or whether they simply lost control over a business beset by competition on every side is open for debate. What is certain is that Lucent's business had been weakening -- as we will consider in a moment -- for some time. This announcement was merely a continuation of a string of troubles in the company's core business. Easy to notice - namely, that growth in inventory and accounts receivable should be no faster than growth in sales. Too much Lucent equipment was sitting unsold, and depreciating. With regards to AR, That makes the income statement look good (keeping Wall Street happy) but wreaks havoc on the balance sheet (destroying the faith of long-term investors). The team can grow so obsessed with closing deals quickly -- to hit their incentives -- that they sign unfavorable terms to get them signed. Q4 Q3 Q2 Q1 Sales Growth 23% 22% 33% 6% Inventory Growth 54% 74% 51% 45% Receivables Growth 41% 64% 57% 46% It makes one wonder if the analysts are even remotely acquainted with the company's financials." Analysts all over chose to ignore this problem, since it looks great to jump on the Lucent bandwagon. I'm real glad that I decided to go with Nortel over Lucent. That's not to say I don't think Lucent has great technology, especially regarding their patents. But judging from what I read above, it really looks they have alot to fix internally, ESPECIALLY management. |
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InvestorGuide Weekly Administrator |
posted 01-10-2000 12:26 PM
Lucent Technologies set a record for single day trading volume, as 178 million shares were traded following Thursday's warning that Lucent expects quarterly earnings to be between $0.36 and $0.39 per share, far short of analyst estimates of $0.54. http://www.lucent.com/press/0100/000106.cob.html |
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InvestorGuide Daily Administrator |
posted 01-07-2000 05:25 PM
Today Lucent Technologies set a record for single day trading volume, as 178 million shares were traded following yesterday's warning of lower-than-expected profits in the current quarter. |
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Machiavelli |
posted 01-07-2000 04:30 PM
I was actually choosing last week between Lucent and Nortel (chose Nortel), and I'm glad I did. First, the timing of the announcement was very odd yesterday, as it was right after Lehman Bros upped the rating and price target of the stock; they too were caught totally unaware, and even are considering lowering their new rating. Apparently, most analysts are very unhappy with today's explanation, which basically says the earnings shortfall is due to flat revenue growth caused by changes in customer purchasing habits, lower software revenues and lower-than-expected gross margins. The general feeling is that there's more to the problem than management is letting on. Sure, earnings have been great every quarter up until now, but financials can easily be manipulated to show good earnings for a time, and that time seems to be up. The Street was very scared this would cause another shockwave through the market, but since it didn't, it is probably an internal matter only. But it seems clear that the once-definite rosy future of this company is now immediately mired in uncertainty. Everything may be fine, but if it is, investors can't tell for certain. As for a buying opportunity, if you don't mind uncertainty, now is probably a good time. The stock actually inched up a bit today. |
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newguy |
posted 01-07-2000 03:41 PM
I think the important question is whether the shortfall is a one-quarter problem or a sign of things to come. I read the press release and the problems they cited were vague enough that they might not be one-time events, but as a long term pick I think Lucent is still a great company and this might be a good opportunity to scoop up some cheap shares. |
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mrcool |
posted 01-06-2000 07:29 PM
I don't think Lucent will have any trouble getting the offending site shut down. It's not an open and shut case, because 'lucent' is an English word, this company didn't make it up, but the trademark infringement seems pretty clear to me. On a (perhaps more important) issue, Lucent got pummeled today after pre-announcing disappointing earnings numbers. The stock is down 28% at 52 in after hours trading. Anyone see this as a long-term buying opportunity? I'm a Cisco shareholder and might like Lucent for some of the same reasons, if the price is right. |
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bobcobb |
posted 01-06-2000 06:47 PM
Lucent has a legitimate claim to shut down a website that bears its name all or in part. At least I think so. The website is called Lucentsucks.com. Lucent wants it shut down for more reasons that just the name... : ) http://news.cnet.com/news/0-1004-200-1513915.html |
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