Lucent Technologies (LU) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Lucent Technologies (LU)

LU 2.560

-0.4%

3:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Chuzzlewit who wrote (8914)	7/30/1999 1:52:00 AM
From: MMW	Read Replies (1) of 21876

Chuzzlewit, I have to respectful disagree with you on the point that you made exiting from CSCO: " In fact I exited from CSCO a couple of months ago simply because I felt that the price was out of all proportion to prospective earnings and cash flow. " I don't think high valuation would be a good criterion for exiting a stock. I would rather evaluate the company business, competitive edge and market opportunity. Don't interpret I am in favor buying a high price company. In fact, I wouldn't buy MSFT, CSCO, and LU at this price level myself. I normally take a long term view on the company and buy it at the price with a safety margin. I have holding CSCO for more than 8 years. I would get out of the stock long time ago if I am afraid of high valuation. The mistake I made in the past was diversification which is still pretty popular idea. I sold CSCO in 1997 to buy ASND for diversifica- tion. The rest was history. So, I hope you understand why I still think LU is kind expensive. I would consider it until it down to a price range that I feel comfortable. Best Regards,

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next