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Technology Stocks : Lucent Technologies (LU)
LU 2.650-2.9%Nov 14 3:59 PM EST
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To: Andy Hewson who wrote (1400)2/19/1998 4:48:00 PM
From: RetiredNow  Read Replies (1) of 21876
 
Hey Andy,

Your calculation of PE is off. Lucent's last 12 months earnings were $2.72 per share. At $100, that's a PE of 37. Is it justified? Hell yes. Lucent and Cisco are dominating the voice and data networks. These are two companies for your core holdings. Buy on dips and don't sell for at least 5 years. This is the sanest advice you'll ever get.
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