Lufax Holding (LU)

[Gd2Aussie3]

Lucent Expands Asian Presence

Forbs.com
June 21, 2005

Standard & Poor's Equity Research maintained a "hold" rating on Lucent Technologies (nyse: LU - news - people ), saying it believes the company is beginning to expand its presence in Asia with "multiple contract awards" announced at a conference.

S&P Equity Research noted that only 38% of March quarter sales came from markets outside the U.S. The research firm said, "The majority of the eight awards are tied to wireless 3G network upgrades, DSL or IP-based, packet networking.

We believe Lucent is getting more orders in Asia for DSL access solutions than in the U.S. market, which is dominated by Alcatel. However, S&P Equity research said that based on concern about weaker capital spending from Lucent's U.S. customers, it recommended against adding to current positions.

G'day, Mates.

Aussie