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many contracts have come, so will revenues, be patient my friend. By the end of the year we should see some nice gains.
If you haven't sold yet get busy. This LUser is just that. From 80 dollars to under 3 speaks for itself. The time is now to sell.
Press Release Source: Lucent Technologies
Shanghai Metro Selects Lucent Technologies for New Optical Transmission Projects
Monday March 29, 10:14 am ET
BEIJING--(BUSINESS WIRE)--March 29, 2004--Lucent Technologies (NYSE: LU - News) today announced that Shanghai Metro has selected Lucent's next-generation optical networking solutions for the second phase of its transmission network project. This phase will focus on the operation of Line 4 of the public transportation system in the city. Shanghai Posts and Telecommunications Equipment (PTIC), a Lucent Business Partner that has worked with Shanghai Metro and Lucent on the project for the transportation agency's Line 1 operation since February 2003, will provide post-sales support for this project as well.
Lucent's optical solutions are already being used to link subway stations on one route of Shanghai's metropolitan subway system and to improve its multiservice network. Shanghai Metro Line 4, which is expected to be operational in 2005, has 17 stops along a 22 kilometer route. Upon completion, Line 4 will form a ring with Line 3 and connect with the existing Line 1 and Line 2 routes.
Lucent will supply the WaveStar® ADM 16/1 multiplexer and the WaveStar® ITM-SC network management system to build a cost-effective transmission network for voice, data and video traffic among control centers, metro stops and metro police dispatches.
"We are pleased to partner with PTIC to provide industry-leading next-generation optical networking solutions to Shanghai Metro," said Gaylord Huang, executive vice president, Global Business Partner Organization, Lucent Technologies China. "As one of the world's leading infrastructure providers, Lucent is committed to leverage its strength in technology innovation and experience in real-world deployment to provide carrier-class quality and services to Chinese enterprises."
With a deployed base of more than 25,000 systems worldwide, the WaveStar® ADM 16/1 product is one of the company's successful optical multiplexers for the SDH market, and can be used for interoffice, access or regional applications. The system does this by combining multiple low-speed electrical and optical inputs into a single 2.5 Gb/s signal.
Shanghai Metro also will be deploying the WaveStar® ITM-SC (Integrated Transport Management - Subnetwork Controller), which provides element management functions for optical transport networks as part of Lucent's Navis® Optical Management Solution portfolio of software products. The Navis® Optical Management Solution, makes it easy for carriers to integrate this product into their existing SDH network, and is part of Navis® iOperations Software, Lucent's open, standards-based portfolio of Network and Element Management Systems.
http://biz.yahoo.com/rf/040326/telecoms_lucent_moodys_2.html
nice outlook, hang on for the ride. Another 6 cents in afterhours.
Press Release Source: Lucent Technologies
Uzbek Telecom Selects Lucent Technologies and Marubeni Corporation To Deploy a Wireless Voice and Data Network in Uzbekistan
Monday March 22, 6:00 am ET
BUKHARA, Uzbekistan, March 22 /PRNewswire-FirstCall/ -- Lucent Technologies (NYSE: LU - News) today announced that Uzbek Telecom, the national telecommunications service provider of Uzbekistan, has selected Lucent and Marubeni Corporation -- a leading Japanese trading house -- to deploy an advanced wireless network to provide voice and high-speed data services throughout the Western part of the Uzbek Republic. The agreement -- the first customer contract in Uzbekistan for Lucent -- was established through the Communications and Information Agency of Uzbekistan (CIAUz).
Under a subcontracting agreement with Marubeni, Lucent will supply Uzbekistan with equipment and services to deploy and maintain a wireless local loop (WLL) network based on Lucent's CDMA2000 1X (IMT-MC) solution for the 450 MHz spectrum band, known as CDMA450. The network will provide access to high- quality voice and high-speed data services at speeds of up to 153 kilobits per second to subscribers that, in many cases, lack basic communications services. Wireless technology from Lucent will be used by CIAUz to help overcome the digital divide between urban and rural areas in Uzbekistan.
"We are proud to launch this project, which will enable us to roll out a next-generation communication network that will offer advanced services throughout the region of Western Uzbekistan, in many cases for the first time," said Agzam Fakhriddinovich Izbosarov, Project Director and Deputy General Director of CIAUz. "We believe that Marubeni's expertise as contractor and Lucent's innovative solutions and services will ensure the success of the project."
Under the agreement, Lucent will deploy its Flexent® Modular Cell CDMA2000 base stations to provide coverage in the Karakalpakstan, Khorezm, Navoi and Bukhara areas. Lucent will also supply its 5ESS® based Wireless Switching Center, which will be located in Bukhara and will support wireless subscribers and provide interconnection to UzbekTelecom's PSTN (Public Switched Telephone Network). Lucent Worldwide Services will provide installation and engineering services for the deployment.
"The Lucent solution will not only satisfy a need for voice services in the Western regions of Uzbekistan, but also will provide Internet access and high-speed data capabilities to the population in distant locations," said Cindy Christy, president of Lucent Technologies' Mobility Solutions Group. "This project will supply schools, hospitals, businesses and local authorities in many parts of the country with world class telecommunications services."
CDMA2000 is an advanced and efficient wireless technology being introduced worldwide and internationally recognized third-generation (3G) standard established by the International Telecommunications Union (ITU). Lucent's Mobility Solutions Group is a leading global provider of mobile networking technologies, having deployed more than 90,000 spread-spectrum base stations for mobile operators worldwide, of which 50,000 are already supporting 3G services.
Upgrade:
Schwab SoundView upgraded Lucent Technologies (LU: news, chart, profile) to outperform from neutral, citing improving fundamentals in its optical and wireless businesses. It expects the networker's shortcomings in Europe and in its voice-over-Internet protocol business has already been priced into the stock.
AV,
I really don't have a price target in mind.
One thing for certain though, the telecom sector is not going away anytime soon.
I heard today that LU was a big supplier in India.
I know we are losing a lot of call center jobs to India, but our factories are producing equipment for them.
Win some, lose some.
Have fun,
Phil
I don't think 8 is beyond reason - unless the economy or sector tanks.
Mikey,
Like any stock, it's anybody's guess.
I don't see it being any lower at years end than it is now though.
Only time will tell.
Have fun,
Phil
Where do you guys think Lucent will be at by year's end?
A beginning??
Lucent awards record DSL equipment order to Ambit
http://tinyurl.com/iyp1
Daniel Shen, Taipei; Chinmei Sung, DigiTimes.com [Monday 4 August 2003]
Ambit Microsystems recently won a central office equipment (COE) bid from Lucent Technologies, competing bidders said. The company is expected to supply a total of 1.2 million units of IP-DSLAM equipment for Lucent, the largest single COE order in history.
The largest COE bid in history attracted the attention of a number of Taiwanese xDSL equipment makers including C-Com, Opnet Technologies, TurboComm Technology and XAVi Technologies, who all submitted bids. According to these companies, Ambit is expected to contract manufacture Lucent’s recently announced 16- and 24-port IP DSLAM equipment, which is based on DMT (discrete multitone) technology, IP (Internet protocol) design and STMicroelectronics (ST) chip solutions.
According to Lucent’s press release, its V-16 IP DSLAM supports “triple play” voice, data and video services, including “Ethernet in the First Mile” data services over existing copper wiring. The solution allows service providers to offer a wide-range of high-value advanced multimedia services, such as video conferencing, video-on-demand, broadcast TV, streaming media, interactive gaming and super-high-speed Internet access.
The product addresses the growing VDSL market worldwide, especially in the Asia-Pacific region, according to Lucent’s statement.
Should have read:
This Q or the next...
A little dusty around here.. What's up? The Qor the next will tell the tale on LU's survival...
weco
Is anyone else just trading this stock?
Hello?!!!!!!! This has been pretty easy to time with the big swings. Anyone????
Dick, I feel your pain. I have friends that have been hurt badly by LU and stock options that are worthless right now. But there is another way to look at the company for those who are new to the stock. The last few weeks IMO have paved the way for a comeback. It is little consolation for those who are stuck with a loss, but I feel that their is opportunity for those who are looking for a place to put their money. I give IBM in 1995 as an example. The street hated the company and the company did what few thought was possible. I see that possibility here. I went long recently, and so far so good. There are going to be rocks in the road, but I am willing to wait until the paving has been completed. I wish all here the best, S.
Re: Can somebody explain to me what LU does? I mean after all the spinoffs and sales of assets, what is left?
I share your frustration. I invested in this piece of shit company partly because of their broadband segments. Now with them selling their optical fiber operations what's left, enterprise phone networks? Not hardly high tech. I don't know what's happening to Lucent, but I sure don't like what I see.
DickMN
Can somebody explain to me what LU does? I mean after all the spinoffs and sales of assets, what is left?
LU is one of my more recent ones as well. Got in a few weeks ago at $32.50 thinking that was the bottom, hmmm bad timing as just a few days later out came their warning.
In fact I read the warning about 20 min after the close that day, over lunch...ate real fast and rushed back to the office..but was too late, it was already down to $24 after hours.
Added a bunch more, at $20.25....and with luck, that was the bottom.
It's a long term hold for me, it may take a while, but I think they'll turn it around.
Re: Dick, Excellent point......
>>>....You know, I've been banging my head on the INTC, YHOO, etc..<<<Fatt Matt
Anybody who bought the high flyers earlier this year is suffering. I'm still OK on Intel, Microsoft, EMC, Dell, and other bellweather stocks that I bought three or four years ago, though I've lost a bundle in equity. Lucent, on the other hand, is one of my new stocks, having bought it in February this year. I'm down 52% and it's painful, but I'm down a lot more on some others. What I hope will be my saving grace is that I always (almost always) try to buy quality companies that will always come back, sooner or later.
After a few days of steady rain, one stands looking out the window and wonders whether it will ever stop raining. It always does.
Now if I could only learn to keep my hands out of the bb cookie jar, and quit buying crap like eConnect, Seaview, AVTI, etc, etc.
DickMN
Dick,
Excellent point. You know, I've been banging my head on the INTC, YHOO, etc..
Your line helped me to stop from the pounding.
"Revenue and earnings would go up a little and the stock market would add billions to their market capitalization. That made no sense either"
I never thought about it that way. Be good to the market, the market will be good to you..Turn on the market, and it is like dropping the soap in a prison shower.
FM
Re: Definitely one that has gotten beat up bad....
>>>I don't get how their earnings/revenue can be off by a few million, but yet, their market cap get shaved by BILLIONS at a time..no sense.<<<
The main reason is because for the past few years the reverse was true. Revenue and earnings would go up a little and the stock market would add billions to their market capitalization. That made no sense either. Now we pay the penalty, or at least I do, since I bought in high last spring.
DickMN
Defintely one that has gotten beat up bad....
I agree...might be a nice bottom fishing time to pick up some cheap stock
I don't get how their earnings/revenue can be off by a few million, but yet, their market cap get shaved by BILLIONS at a time..no sense.
FM
Re: Sector rotation and a lack of market confidence
Lucent seems to have more problems than just the sector being out of favor. They appear to have AT&T type problems that may require a top to bottom restructuring. I hate to think this way since I own the stock, but I'm hearing it from too many sources.
DickMN
Sector rotation and a lack of market confidence has provided what may be an ideal opportunity for a long-term investment in LU at absolute bargain basement prices. This company is a heavy-weight in the telecommunications equipment industry (including fiber optic R&D and products) and should bounce back strong when this sector comes back into favor.
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