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Technology Stocks : Flextronics International (FLEX)

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To: Asymmetric who wrote (1243)	2/24/2000 10:30:00 AM
From: Asymmetric	Read Replies (1) of 1422

Lehman tilts portfolio to growth Thursday February 24, 8:25 am Eastern Time NEW YORK, Feb 24 (Reuters) - Lehman Brothers said Thursday it was further tilting its stock portfolio to growth names, selling positions in some traditional leaders and buying new high-fliers. --Jeffrey Applegate, chief investment strategist at Lehman Brothers, said the firm was selling its positions in telecoms equipment maker Tellabs Inc.(NasdaqNM:TLAB - news), tech and industrial giant United Technologies Corp. (NYSE:UTX - news) and diversified manufacturer Tyco International (NYSE:TYC - news) from the U.S. strategy portfolio. --With proceeds from the Tellabs sale, Lehman said will buy shares of Canadian fiber optic equipment company JDS Uniphase (NasdaqNM:JDSU - news). --Lehman will buy electronics maker Flextronics (NasdaqNM:FLEX - news) using proceeds from the United Technologies and Tyco sales. --Applegate said Lehman did not change the weightings of different sectors within its portfolio. The firm noted that the changes were based on decisions made by portfolio management and that analyst ratings on the stocks remained the same.

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