Lucent lines up a major deal and may be ready for rebirth; Five-year, $1 billion contract in the works.

Investment News, January, 2002 by Southall, Brooke

Lucent Technologies has quietly won a huge contract for its optical networking gear worth a conservatively estimated $1 billion over five years. The deal marks a radical shift in fortunes at Lucent, according to Mark Lutkowitz, an optical networking analyst with Communications Industry Researchers Inc.

of Charlottesville, Va. He is unequivocal about how investors should react. "If you're smart, you buy lots and lots of Lucent." he says. MISPLACED FIXATION What makes Mr. Lutkowitz's view so interesting is that he was one of the few analysts two years ago to scream that Lucent was a house of cards. At that time, it was acquiring firms it could not absorb and promising new optical products it could not deliver. But Mr. Lutkowitz...

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