Lucent Warning: The Fallout

A Thursday afternoon warning about a shortfall in first-quarter earnings for Lucent (LU Quote) sent the stock and investors reeling. Trading was halted, and when the stock reopened in after-hours trading, the suffering continued.

In an untimely twist, Lehman Brothers had raised Lucent's price target to 95 from 90 on Thursday afternoon before the shortfall release. (Lehman hasn't banked for Lucent.) Message boards are buzzing, professional investors are chattering and TSC is covering it all. Check in with our continuing coverage here.

TSC's Coverage

Lucent: TSC Message Boards

Still Standing
First-Quarter Problems Don't Weaken Lucent's Competitive Standing

The Bank Shot
Banks' Experience Shows 'Isolated' Shortfalls Aren't Always What They Seem

The Twilight Zone
Lucent Trading Shows After-Hours Still Treacherous for Individuals

Herb on TheStreet
*Part 2* Why Lucent's Explanation for the Miss Leaves Much to Be Desired

Stocks to Watch
Lucent Gets Hit With Downgrades; Wal-Mart Makes a Move to E-Tailing

James J. Cramer
Examining the Bull Case

Tech Savvy
Sure, Lucent Wins the Dumb and Dumber Award, but Let's Not Go Nuts, Huh?

Herb on TheStreet
Why It Was Only a Matter of Time for Lucent

Lehman's Ill-Timed Price Target
A Lucent Call With Murky Information

Rekindled Concerns
Lucent's Woes 'Not a Market Issue'

James J. Cramer
Trying to Make Sense of It All

The Night Watch
Lucent Gets Buried in After-Hours, Off More Than 17 Points

Little Advance Notice
Little Sense of Impending Doom on Lucent Message Boards, Options Pits

The Cause
Lucent Warns First-Quarter Earnings Will Disappoint

James J. Cramer
The Real Deal

Exacerbating the Flight to Value
A Miss Is Still a Miss and Lucent's Bodes Ill for This Market