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Technology Stocks : Lucent Technologies (LU)
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To: Mighty Mizzou who wrote (8133)6/13/1999 1:29:00 PM
From: Bindusagar Reddy  Read Replies (1) of 21876
 
Business week PICKS by Paul Johnson this week, LU is on top in telecom equipment.
LUCENT TECHNOLOGIES
WHY: While there are
dozens of flashy newcomers
in the telecom-equipment
industry, Johnson likes the
prospects for a pair of tried
and true powerhouses.
Lucent Technologies, trading
at 61, was spun off from
AT&T in 1996 and has built a track record of surging
revenues and profits. Although sales in the first fiscal
quarter, ended Dec. 31, fell short of expectations, the
company came roaring back in the second quarter with a
33% rise in revenues, to $8.22 billion. ''After the December
quarter, there was a lot of shaking of heads,'' says Johnson.
''Then they put up a March quarter that was the envy of
everybody.'
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