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Technology Stocks : Lucent Technologies (LU)
LU 2.500+3.5%Nov 24 3:59 PM EST

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To: Capitalist who wrote (1127)12/10/1997 3:35:00 PM
From: Larry Tomblin  Read Replies (1) of 21876
 
The market...yes. Lucent...No.
<snip>
"All American companies that provide high-tech products and also capital equipment for the Asian economic miracle are going to be hurt because there's an adjustment process that has to be gone through in Asia," said Roger Kubarych, an economist at Kaufman & Kubarych. "It's going to take two to three years, and in the meantime they're going to see lower sales in Asia."
<snip>

What the hey is the "Asian Economic Miracle". Maybe it may have began with the transistor to IC(integrated circut) a long time ago...and the Western Hemisphere must now tow the line? Two to three years is a just reward for the patient investor that won't be waiting for eastern cargo ships to arrive at western docks.

Best wishes,

Larry
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