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Technology Stocks : Lucent Technologies (LU)
LU 2.410-0.8%12:22 PM EST
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To: Zoltan! who wrote (12015)1/5/2000 1:09:00 PM
From: Chuzzlewit  Read Replies (2) of 21876
 
Zoltan!,

I looked at S&P's list and was mystified by the inclusion of CSCO. The company is well-managed, and I would not hesitate to buy at around $25, but don't you think that a price of $100 (with a trailing P/E of 175) is just a tad overpriced, given its growth prospects?

It remains a mystery to me how any analyst can rationalize that stock price. It seems to me that this is a prime example of investors buying growth at any price.

TTFN,
CTC
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