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Technology Stocks : Lucent Technologies (LU)
LU 2.730-0.5%Nov 13 3:59 PM EST
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To: RetiredNow who wrote (1404)2/19/1998 9:45:00 PM
From: Capitalist  Read Replies (1) of 21876
 
Also, acquisitions greatly inflate the number. Remember, LU bought Octel for more than a billion dollars as well as Livingston, Prominet, and Agile Networks. That is why trailing P/E is misleading and not very informative. Any advanced investor will tell you to use future estimates to calculate P/E. As of now, the P/E for LU is in the low 30's.

Regards,

Serry Habash
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