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Technology Stocks : Lucent Technologies (LU)

LU 2.705

+1.7%

Dec 11 3:59 PM EST

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To: Thomas Klein who wrote (1787)	3/26/1998 11:57:00 PM
From: RavBruce	Read Replies (2) of 21876

How can you say these three sentences in a row? Lucent is relatively inexpensive at $125. At $120/share, the trailing (1997) P/E was 44, 1998 fiscal year was 38, and 1999 fiscal was 37.6. The estimated growth rates for 1998 and 1999 are 20%. Forward PE is more than double the growth rate. And price is higher now!!! It is good to buy stocks at a growth rate > PE. Bruce

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