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Strategies & Market Trends : Sharck Soup

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To: Sharck who wrote (12992)3/23/2001 11:51:56 AM
From: Softechie  Read Replies (1) of 37746
 
Lucent Tech (LU) 11.35 +0.26 (+2.3%): Sanford Bernstein expects Lucent management to pull the Agere initial public offering given the reduced $6-$7 price range put forth by the underwriters. Comparable valuation with a 20% discount to competitors JDSU and IFX suggests a value of $12 for Agere or $6 per Lucent share. Feels LU should delay deal until market improves or consider outside acquires, such as Intel, NEC, and Samsung.
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