Lucent Technologies (LU) Message Board

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Technology Stocks : Lucent Technologies (LU)

LU 2.415

+1.9%

Nov 21 9:30 AM EST

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To: David C. Burns who wrote (2500)	4/28/1998 1:14:00 PM
From: William Hunt	Read Replies (1) of 21876

THREAD ---Lucent Technologies (LU) 73 1/2 +1 11/16: Lehman Brothers maintains "outperform" recommendation on telecommunications equipment maker following announcement of deal to acquire Yurie Systems fro $1 bln; feels that purchase reinforces commitment to become a major force in data networking; acquisition expected to be slightly dilutive to FY99 earnings, but not lowering estimate because views FY99 EPS estimate of $1.98 as conservative; also retains price target of $80-$85 based on 35 times projected calendar 1999 net of $2.15-$2.30 a share BESST WISHES BILL

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