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Technology Stocks : INTEL TRADER

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To: Berney who wrote (3945)9/15/1998 4:18:00 PM
From: Jurgen Trautmann  Read Replies (1) of 11051
 
Berney, there was a warning about weakness in telcom-sector:

Lucent dips on analyst's comment on telecom sector
NEW YORK, Sept 15 (Reuters) - Increased concerns about the outlook for 1999 earnings in the telecommunications equipment sector pushed shares of Lucent Technologies Inc. (NYSE:LU - news) down by about five percent on Tuesday, analysts said.

Shares of the Murray Hill, N.J.-based company fell 4-1/8 to 73-1/8 on volume of 9.5 million late on Tuesday.

The drop followed a report by Nikos Theodosopoulos, telecom equipment analyst with Warburg Dillon Read, which warned that uncertainty about South American and Asian markets are weighing on the sector's outlook.

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