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Technology Stocks : Lucent Technologies (LU)
LU 2.630-0.6%Dec 9 3:59 PM EST

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To: John Malloy who wrote (10053)10/15/1999 8:28:00 PM
From: Techplayer  Read Replies (1) of 21876
 
John, You are making several assumptions about LU that seem inaccurate though in general a bad quarter or 2 will make any stock in this market drop like a stone. Look at Unisys and HIFN recently. The smart thing to do is what AAPL did. Pre-warn about earnings 3-4 of weeks ahead of time. After taking the hit, announce numbers well ahead of the new estimates bringing the stock closer to previous levels even after a 20% decline in overall EPS.
How many stocks in this market have a price to book of 2? That math may work on paper, but not with this market.

Brian
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