Removed from the context of the passage the section on Lucifer can be looked at as a description of the Devil; which may or may not be the author's intent. In context, we might think of it as a description of the king of Babylon who had similarities to the Devil and may have been heavily under his influence. The remainder of the prophecy in context namely the desolation of the city of Babylon has for a long time been fulfilled; the city ruin only recently haven been located by aerial satellite in Iraq. Plans are being made by some to rebuild it. It is mentioned again in latter day prophecy.
2012 - pBiblx2 Field Wise Bible System Version 2.0.9d - GPL3