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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: Anonymous who wrote (3841)8/30/1998 1:34:00 PM
From: Sonki  Read Replies (1) of 21876
 
Here is some FA info. on LU. Lu, dell, msft, csco are all probably over priced compred to hisotrial valuations. I do not know how much valations can be tolerated cuz of low inflation.

also one must look at low inflation vs. the actual rate (which is higher) so probabillty of rate dropping. All this changes LU FA value. LU long term growth is 20-25% and is trading at 44 forward pe. Sept being the 4th qurter their earning will be 44% above last yr.

LU has been coming down very rapidly on higher volumen then avrg. so it is my hope that will hold 80, but could go down to 70 if other bad news from the sector shows up.

i have some LU from before the split and bot again last week and i will buy again at 70. unless i see a lot better value somewhere else.
this is the best answer i can up with

The 1998 and 1999
EPS estimates were raised to $1.62 from $1.55, and to $2.00 from $1.85, respectively, to
reflect revisions in earnings estimates. A BUY rating was maintained. The 12 month price
target is $90 based on the company's relative strength, earnings power, and market
leadership. The company reported 1998 second quarter EPS of $0.14 versus $0.05 in the
same period last year. Earnings were driven by stronger than expected sales in Systems for
Network Operators and the Business Communications Systems divisions.'
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