re: Lucent Shares Rise on Deal Talklightreading keeps churning its rumour mill. it discards some rumours it generated (sale of atm business) and generates new ones (general dynamics!).
the stock is rising because the market see's optimism in telecom 6-9 months away. the market doesn't see any reason to discount lucent over nortel, so lucent is up a little more. by the way, everybody's up,including nortel and ciena. hasn't LR noticed?
scotts daydreams are getting wilder. amazing this garbage gets headline billing at lightreading (which i do like for a lot of other reasons). this article doesn't even try to glue the facts together.
re: Lucent Shares Rise on Deal TalkI found the following clip about LU and SUNW:
Lucent, Sun Microsystems to Expand Alliance
Lucent Technologies Inc. (LU) and Sun Microsystems Inc. (SUNW) expanded their business product-development and sales alliance to target service providers and business customers in Asia, Europe and Latin America, in addition to those in North America. Financial terms and earnings projections aren't being disclosed, a Lucent spokeswoman said.
In a statement Monday, Lucent and Sun said they are pursuing joint sales of their products for IP Centrex central office phone systems, customer relationship management, network management, mobile high-speed data systems, unified communication messaging systems, and business continuity systems.
"Our work with Sun is just one example of how Lucent is executing on its strategic initiative of teaming with alliance and channel partners around the world to reach new markets and customers. We intend to use our success here to springboard to other opportunities and grow revenue in this part of our business," said Lucent Vice President Frank Farese said in a written statement.
Sun representatives weren't immediately available for comment.
-Nora Devine; Dow Jones Newswires; 201-938-5388
Copyright (c) 2002 Dow Jones & Company, Inc. All Rights Reserved
re: Lucent Shares Rise on Deal TalkI do not even want to entertain any thoughts that General Dynamics would acquire Lucent Technologies. This idea sickens me to death. It is hard for me imagine that General Dynamics would be able to understand and manage Lucent Technologies. Moreover, it is beyond the financial capability of General Dynamics to acquire Lucent.
I think certain companies like Cisco are bent upon destroying Lucent so that they can freely steal its technology and customers.
Lucent/Bell Labs is the most important icon of our country and as such it should not be allowed to be drowned.
The Federal Government should loan about $30 Billion (interest free) so that the company can shine again. Once Lucent disintegrates, our countery would cease to be the technology power house we are.
re: Lucent Shares Rise on Deal Talk...being repriced on or about today. The cynical would point to some pump and dump to continue to screw the few remaining...
re: Lucent Shares Rise on Deal Talk Alternatively, the $30Bn could be used to buy a significant amount of weapons and munitions from a certain "General Dynamics". Which one do we all think would be first in line for the cash at this particular point in time?
re: Lucent Shares Rise on Deal TalkGeneral Dyamics already bought a piece of Lucent in '97.
From eeTimes "Lucent sells undersea-defense unit"
"CHURCH FALLS, Va. -- General Dynamics Corp. last week agreed to purchase the Advanced Technology Systems (ATS) unit of Lucent Technologies Inc. The unit develops surveillance and signal-processing equipment for underwater defense operations, making it an interesting fit for nuclear-sub maker General Dynamics."
When Lucent closed the metro DWDM development lab in Raleigh last year, some of the staff went to General Dynamics.
re: Lucent Shares Rise on Deal TalkBobby do you know anything about GD. The are older than Lucent/Bell Labs so a profit and postive cash flow. The DO have the financial capability to purchase Lucent and Lucent would seem to be a good fit in their Information Tech division.
OBTW. Why should the Feds give any failing company a loan. No telecom, airline, or other company should get a loan from the Feds. Please quote the section of the constituation that would authorize such a loan.
re: Lucent Shares Rise on Deal TalkHow about if we save a few AMERICAN companies---does that work, or should we piss off more time and money on the so-called "global economy"?
the stock is rising because the market see's optimism in telecom 6-9 months away. the market doesn't see any reason to discount lucent over nortel, so lucent is up a little more. by the way, everybody's up,including nortel and ciena. hasn't LR noticed?
scotts daydreams are getting wilder. amazing this garbage gets headline billing at lightreading (which i do like for a lot of other reasons). this article doesn't even try to glue the facts together.