[Deborah Marchini, Cnn Anchor:] Shares of Lucent will be in the spotlight today. For details, we head over to Jen Rogers, live at the Instinet. What can you tell us Jen.
[Jen Rogers, Cnn Markets Editor:] Good morning, Debbie. Well, it feels like a Monday all over again here. It seems that volume is going to get off to a slow start, but Lucent is definitely on the radar screen here. A French paper reporting that Alcatel, one of the suitors for Lucent's fiber-optic business, is reportedly reducing its offer for that business down to $3 billion from $4 billion. Now, analysts had initially said that this deal could fetch up to $8 billion for Lucent, which is a troubled telecom company. "La Tribune," the French paper, reporting this. We'll have to see how this plays out today. Other companies in the news, United Airlines coming out slashing its quarterly dividend after the bell on Tuesday. The new dividend will be 5 cents. The old one was just above 31 cents. This comes after earlier this month the company had warned as travel is down amid the slowdown that we are seeing in the economy. Apple Computer also in the news ticker there AAPL. Apple coming out again after the bell on Tuesday and saying that it is pulling the plug on production of its G4Q. Now that computer had some rave reviews, but it had a little bit of trouble getting off the ground, never really delivering to the bottom line for Apple and they are pulling the plug on that indefinitely. And finally, MGM Mirage, the ticker there MGG, coming out and saying that they are comfortable with analysts' estimates for the second quarter. Those estimates right now are at 42 cents per share and that they are comfortable with that right now. So we'll see how that plays out today. It seems that casinos aren't getting hit as much as hotels in the slowdown we are seeing Debbie.
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