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Technology Stocks : Lucent Technologies (LU)
LU 2.625+2.9%Dec 5 9:30 AM EST
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To: Robert Voigt who wrote (1660)3/19/1998 7:34:00 PM
From: Capitalist  Read Replies (1) of 21876
 
First, IMO, that 500 million contract they announced today was already priced into the stock. As for the 1 point loss, on bad days for the general tech stock sector, LU usually benefits, as money comes out of some of the other names and into LU because of all the strong expectations Wall Street has on this stock. Today, however, techs were generally strong, so a bit of money came out of LU and went into some of the other names that haven't done as well as LU has in recent months. Nothing to worry about though, I expect we will resume the uptrend tomorrow.

Regards,

Serry Habash
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