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Lucent Looking Good On Back Of 3G

22nd January , 2004

US : Wachovia Securities have moved Lucent Technologies ( LU ) from "underperform" to "outperform". Shares are currently trading at $4.61.

The analysts at Wachovia also say that Lucent's share price is likely to increase by 25% in the near term and that the company's 3G trial run with AT&T Wireless has been continuing successfully.

Lucent Technologies is entering into the 3G sector with AT&T Wireless in 2004, which is likely to boost earnings.

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