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Technology Stocks : Lucent Technologies (LU)
LU 2.575-0.4%3:59 PM EST

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To: RavBruce who wrote (1467)3/1/1998 5:04:00 PM
From: Immi  Read Replies (1) of 21876
 
You have to realize that LU is undervalued. It has 3 core busines,
data networking, telecom equipment, an semicondutors (dsp chipset).
All three businesses are booming (should in this internet booming world. So, I am not surprised that LU is at 39. In fact it should
trade at a higher pe somewhat 55 (similar to CSCO,MSFT etc)... LU
has more growth, an I still feel it is undervaled. So, I guess we
differ. Growth stocks will have a higher PE. That is the premium
you pay for growth & booming fundamentals. The split has generated
some euphoria, but that was belated. LU has languished for about
6 months in a trading range. WHat you see now is a breakout, and the
best is yet to come. I welcome momenteum investors into this stock.
Regards, Immi
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