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Technology Stocks : Dell Technologies Inc.

DELL 138.98

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3:59 PM EST

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To: Sig who wrote (90426)	1/21/1999 9:44:00 AM
From: T L Comiskey	of 176387

Sig...all...LU...doing fine and dandy......sorry for the post if its a rerun.." Lucent Reports Better-Than-Expected Profit By Jessica Hall NEW YORK (Reuters) - Lucent Technologies Inc. (NYSE:LU - news), the world's largest maker of telecommunications equipment, on Thursday reported better-than-expected first quarter profits, buoyed by strong demand for data networking equipment and improving foreign sales. Lucent, which last week agreed to buy data networking company Ascend Communications Inc. (Nasdaq:ASND - news), also said it was optimistic about its prospects for its fiscal year ending in September. It expects earnings per share for the year to increase about 35 percent on revenue growth of about 19 percent to 20 percent. In the first quarter ending December 1998, Lucent's profit increased to $2.7 billion or $2.00 a share, compared with $792 million, or 61 cents a share a year ago. Excluding one-time gains and charges, first quarter profit rose 26 percent to a record $1.414 billion or $1.05 a share. The results beat Wall Street earnings expectations of $1.01 a share, according to First Call, which tracks analysts' estimates. "...............Tim

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