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Technology Stocks : Lucent Technologies (LU)

LU 2.550

+0.2%

Dec 4 3:59 PM EST

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To: Diamond Jim who wrote (11256)	11/22/1999 9:37:00 AM
From: A. Edwards	of 21876

Paine Webber morning call: Telecom Equipment : PaineWebber telecom analyst Eric Strumingher predicting that AT&T will announce it will issue tracking stock of its wireless assets at the December 6th analyst meeting; believes the removal of these assets from core EPS holdings will result in AT&T Wireless capital spending rising to $3 bln from $2 bln; PW telecom equipment analyst, Walter Piecyk, thinks primary beneficiaries of increased AT&T Wireless cap-ex include LU, T's largest vendor with over 60% share, NT which AT&T recently added as a wireless vendor to speed capital deployment, and ERICY. 08:05 ET

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