Quote:
Originally posted by Stare At The Sun
Lucent. I think it will do good.
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I like Lucent for the long term but short term is questionable. They just lost out on a contract with Verizon (one of their biggest customers which accounted for like 20+% of their income last year). While Verizon will still be buying a lot of product from Lucent, this loss hurts them.
Business spending is still a little shaky. Big expenditures for infrastructure equipment will take some time to ramp up. When you start to see increased hiring, you will see increased business spending.
I like consumer electronics companies in the short term. Consumers are spending money and confident. TVs, stereos, home theatre systems, etc are hot right now and their manufacturers are able to charge premium prices for them with lots of profit built in.