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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 ...

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