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Technology Stocks : Alcatel Telecom (ALA)
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To: Steve Fancy who wrote (258)9/30/1998 8:27:00 PM
From: Yeadon  Read Replies (1) of 285
 
ALA is now trading at an approx 11 PE on expected revised 1999 FY estimates. Hard to believe. DSC never traded at such a low forward PE. Likely will go lower as telecoms will continue to be out of favor until about 6 months before business pickup.
Yeadon
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