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Technology Stocks : Lucent Technologies (LU)

LU 2.550

+2.4%

Dec 1 3:59 PM EST

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To: qdog who wrote (2084)	4/6/1998 10:42:00 PM
From: Goolie2	Read Replies (1) of 21876

>> Look at the Iomega's, Netscape, Prestek of just a couple of years ago, that is where LU is right now, IMO.<< Maybe you can draw a parallel between Iomega, Netscape and Prestek, and you can add another like Amazon.com currently, but to put Lucent in that company more than a little ridiculous. Yes LU is overbought, I in fact sold my Lucent position, but this is the same organization that invented the dial tone for Pete's sake! I believe they are ranked something like 37th in the S&P 500. They have hundreds of patents approved over the past few quarters, any one might be a $Billion technology. The street has earnings forcasted for $3.30 for 1998. I don't think the above companies earned that much in their combined histories. Goolie

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