Will 3G in China Prove a Boon to Equipment Manufacturers? (LU)

In a bearish article (sub. req.) over the weekend Barron's had the following comment on Lucent (LU) and expectations for 3G revenue in China:

Of course, 3G technology in total could enjoy another big growth spurt at some point, and Lucent would benefit. Bulls see China eventually spending billions on 3G. China is "a huge opportunity for the industry and Lucent," says Frank D'Amelio, Lucent's chief operating officer.

China, however, has repeatedly delayed the licensing needed for this work, hoping to promote its own flavor of 3G, called TDS-CDMA. Although a smattering of contract awards are expected as the country prepares to host the 2008 summer Olympics, many analysts say it could be a long wait until China is a real money maker for any equipment manufacturer.

LU 1-Yr Price Performance: