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Technology Stocks : Lucent Technologies (LU)
LU 2.670-0.4%Dec 22 3:59 PM EST

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To: Gloria G who wrote (2162)4/8/1998 2:10:00 PM
From: RetiredNow  Read Replies (1) of 21876
 
Hey folks,

I have been tracking LU and CSCO for quite awhile now, and as I was watching the recent action in both stocks something occurred to me which is probably pretty obvious to everyone else here.

Maybe LU and CSCO will start trading at the same price from now on until a clear leader emerges. They are both trading at similar PEs, although CSCO's price to sales is higher. In addition, CSCO's trailing EPS = 1.26, while LU's = 1.28 (excluding one time charges).

Has anyone else noticed their share price convergence? Give me your thoughts. If not, let's all at least watch for this phenomenon over the next 3 to 6 months.
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