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Technology Stocks : Lucent Technologies (LU)

LU 2.480

-0.4%

10:44 AM EST

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To: Paul Shread who wrote (3000)	7/9/1998 12:16:00 PM
From: William Hunt	Read Replies (1) of 21876

THREAD --- Portends a good second half for 1998 for LU ---Dow Jones Newswires -- July 9, 1998 Lehman Bros: Likely Upside For Israel's NICE Last Half 98 JERUSALEM (Dow Jones)--Demand from Lucent Technologies Inc. (LU) and other resellers may boost NICE Systems Ltd.'s (NICEY) revenue higher than expected during the second half of 1998, according to a Lehman Brothers report released Thursday to the press. "We consider our full year revenue and earnings estimates of $102 million and $1.73 remain conservative and may be subject to upward revisions," the Lehman report said. "In addition, a major new product cycle including the launch of the NICE Vision video recording system in 4Q98 may provide a further boost to the 1999 outlook." Lehman maintained its "buy" rating on the company's shares, with a 12-month price target of $60, and noted recent weakness in the share price should be viewed as a buying opportunity. At around 1230 GMT, NICE shares were trading up 0.8% at 131.60 shekels (ILS) (ILS=$3.6660) from ILS130.50, compared with a 0.1% rise on the Tel Aviv Stock Exchange's main TA-100 Index. BEST WISHES BILL

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