Hype succeeds, short-term. It stinks long-term. That has to be the reason Lucent's (LU:NYSE - commentary - research) been so silent despite the unbelievable series of wins it has gotten in the last two months. First, Lucent won the Cingular business, a major new order. Then Nextel (NXTL:Nasdaq - commentary - research) announced a merge with Sprint (FON:NYSE - commentary - research), the latter being all Lucent, the former being no Lucent, and Sprint now will build out its network using more Lucent parts.
Yet the company is silent. The company never crows. The company just takes it all in. I think that's because Lucent CEO Patricia Russo saw it all happen during the good old days at Lucent, where Lucent constantly was bragging about orders that it hadn't nailed down yet and offering cheap financing to those who were doing the ordering. Russo knows that the story will have to be told by others now, not her. She can't be seen as hyping, given the lessons and the costs of hype from the previous regime.
In some ways, it is a shame. I think we would have a higher stock if Lucent were promotional. But in other ways, all that's happening is the stock's rise is delayed. Unless you have an appointment somewhere, you have to ask, "What's the hurry?" People have been emailing me, "I am down 50 cents on Lucent," to which I can only say, "Hold it; did I tell you to buy it all at once at the high? Was that really my directive?" Given that I preach, endlessly, that you shouldn't commit all your capital at one level, I can't even take these top-tickers seriously.
I always value second opinions. You in Lucent? Call Lehman Brothers. Get the reports by Steve Levy. He's been around. He knows the history. Read what he is saying. It confirms everything my sources are telling me.
And remember, sometimes it is not the velocity of the move that matters, it's the destination. You know where I think this one is heading.
Recent LU News
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 07/12/2024 11:47:57 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 06/12/2024 01:01:56 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 06/07/2024 10:07:55 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 05/30/2024 08:07:56 PM
- Lufax Announces Results of Annual General Meeting • PR Newswire (US) • 05/30/2024 11:00:00 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 05/08/2024 10:04:55 AM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 05/07/2024 10:31:44 AM
- Lufax Announces Annual General Meeting on May 30, 2024 and Filing of Its Annual Report on Form 20-F • PR Newswire (US) • 04/23/2024 01:05:00 PM
- Lufax Reports First Quarter 2024 Financial Results • PR Newswire (US) • 04/22/2024 09:30:00 PM
- Lufax to Announce First Quarter 2024 Financial Results on April 22, 2024 • PR Newswire (US) • 04/16/2024 11:00:00 AM
- U.S. Index Futures Rise as Fed’s Dovish Outlook Spurs Positive Investor Sentiment; Oil Prices See Minor Declines • IH Market News • 03/21/2024 11:26:38 AM
- Lufax Reports Fourth Quarter and Full Year 2023 Financial Results • PR Newswire (US) • 03/21/2024 08:30:00 AM
- Lufax to Announce Fourth Quarter and Fiscal Year 2023 Financial Results on March 21, 2024 • PR Newswire (US) • 03/12/2024 11:00:00 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 03/11/2024 08:01:49 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 03/05/2024 09:04:54 PM
- Form SC 13G/A - Statement of acquisition of beneficial ownership by individuals: [Amend] • Edgar (US Regulatory) • 02/09/2024 11:08:49 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 02/06/2024 09:02:03 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 02/05/2024 12:03:25 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 01/05/2024 09:03:03 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 12/15/2023 10:00:56 PM
- Lufax Announces Receipt of Notice Regarding NYSE Continued Listing Standards and Effectiveness of its ADS Ratio Change • PR Newswire (US) • 12/15/2023 09:30:00 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 12/05/2023 12:48:25 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 11/21/2023 11:04:57 AM
- Lufax Holding Ltd Announces Plan to Implement ADS Ratio Change • PR Newswire (US) • 11/20/2023 09:30:00 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 11/14/2023 11:12:56 AM
FEATURED North Bay Resources Acquires Mt. Vernon Gold Mine, Sierra County, California, with Assays up to 4.8 oz. Au per Ton • Jul 18, 2024 9:00 AM
VAYK Expects Revenue from First Airbnb Property Starting from August • VAYK • Jul 18, 2024 9:00 AM
Nightfood Holdings Signs Letter of Intent for All-Stock Acquisition of CarryOutSupplies.com • NGTF • Jul 17, 2024 1:00 PM
Kona Gold Beverages Reaches Out to Largest Debt Holder for Debt Purchase Negotiation • KGKG • Jul 17, 2024 9:00 AM
Avant Technologies Welcomes Back Former CEO with Eye Toward Future Growth and Expansion • AVAI • Jul 17, 2024 8:00 AM
HealthLynked Expands Telemedicine Nationwide • HLYK • Jul 17, 2024 8:00 AM