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Technology Stocks : Lucent Technologies (LU)
LU 2.405-1.0%3:27 PM EST
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To: IngotWeTrust who wrote (2514)4/30/1998 12:57:00 AM
From: Curtis E. Bemis  Read Replies (2) of 21876
 
SSB Increases Earnings Estimates and Price Targets-

I'm just reading my paper copy of a 4/27/98 Report on LU by
Salomon Smith Barney--
Here are some salient points
1. Increasing Earnings Estimates by 10%. 1998 EPS to $1.70 from $1.60
EPS to $2.05 vs $1.88 for 1999
2. $90 price target using a 40 multiple of calendar 1999 EPS of $2.25
after hand-waving and throwing in towel on P/E multiples for
tech stocks-- haa
3. Fiscal forecast revenues of 30B$ for 1998; Fiscal 99 of 35.2B$
4. Comments on "Intellectual Property Revenues", ie. the patents they
locked in from Bell Labs, esp. in Microelectronics business
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