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Technology Stocks : Lucent Technologies (LU)
LU 2.705+1.7%Dec 11 3:59 PM EST

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To: Impristine who wrote (4108)9/15/1998 1:01:00 PM
From: Mark Palmberg  Read Replies (1) of 21876
 
With the exception of Lucent Technologies Inc. and Cisco, the telecommunications equipment group is experiencing its lowest P/E
multiple since 1993.


Isn't it possible that Lucent and Cisco are simply eating the other guys' lunch? I don't know that consolidation is a reason to call for a sector slow-down...look at the financial sector!

Anyone who has the foresight to hold LU for five years is going to come out smelling like a rose.

Mark
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