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Technology Stocks : Lucent Technologies (LU)

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To: Luigi Gandolfo who wrote (3017)	7/13/1998 10:07:00 AM
From: J. P.	Read Replies (1) of 21876

<How will tech stocks behave when the market crashes later this year? And how will this affect Lucent.> I think first of all you make a lot of presuppositions about a "crash" later this year. I'm a firm believer in the cyclicality of the market, particularly tech, for a variety of reasons. I don't necessarily prescribe to your theory about Asian funds flowing from U.S. equity either. I think this market is driven more by mutual fund inflows. During the last tech "correction" Lucent held a trading range around 70-74 while a lot of other tech companies got squashed. So I have every reason to believe that in a future "correction" situation Lucent will hold up well. It is my theory that in information technology the current bottleneck is bandwidth, not processing power or hardware. Large suppliers of public utility scale bandwidth should be hugely prosperous, (read Cisco, Lucent). So irregardless of wiggles in the market, a long term hold in Lucent should end up on the plus side of the ledger.

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