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Technology Stocks : Lucent Technologies (LU)

LU 2.650

-2.9%

Nov 14 9:30 AM EST

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To: The Phoenix who wrote (9848)	10/6/1999 3:38:00 PM
From: Techplayer	Read Replies (1) of 21876

Gary, Both were upbeat. Both said that y2k was a non-event. One bone of contention in the LU call was a statement that the 4th quarter revenue and earnings were going to be less of an overall % of the year's total than in the past but that total revenue would grow 19-20% year over year. EPS would grow 35% year over year. For the year he was advising analysts to increase estimates by several cents over the then 1.47 average estimate. The decrease in 4th quarter EPS is to be more than made up for in the other 3 quarters, supposedly. This was of course construed as a y2k issue, which it was clearly stated not to be. Now we have analysts with $55 dollar price targets and $100 price targets. I will be happy with the average. Brian

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