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Technology Stocks : Lucent Technologies (LU)

LU 2.555

+2.2%

Nov 25 3:59 PM EST

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To: William Hunt who wrote (2630)	5/13/1998 12:27:00 PM
From: William Hunt	Read Replies (1) of 21876

THREAD---Dow Jones Newswires -- May 13, 1998 Stein Roe Fund Mgr Likes Cos. That Are Building Internet>LU NEW YORK (Dow Jones)--The Stein Roe Growth Stock Fund sees value in Internet stocks, but is careful to avoid the more speculative issues, according to fund manager Erik Gustafson. "We don't buy the speculative stocks that run up for no reason," Gustafson told CNBC Wednesday. "We buy the companies with earnings that will ultimately build the Internet in the future." Among the issues he favors are companies that are providing the "backbone" of the Internet, such as Cisco Systems Inc. (CSCO), Lucent Technologies Inc. (LU) and Tellabs Inc. (TLAB). He also likes WorldCom Inc. (WCOM), which he sees continuing to appreciate "for the next three to five years." BEST WISHES BILL

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