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Technology Stocks : Lucent Technologies (LU)

LU 2.745

-2.8%

Nov 12 3:59 PM EST

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To: chuckj who wrote (5606)	1/20/1999 8:52:00 AM
From: Rajiv	Read Replies (1) of 21876

Lucent's revenues and earnings are always higher in its first quarter (the last quarter in a calendar year). This is caused by the way its customers distribute their capital expenditure budgets. The current quarter's earnings will be lower than the last quarter's earnings. Do not make the mistake of using 4 times the number to be reported tomorrow to get its annual earnings. Lucent has a history of consistently beating estimates. It should do the same for the last quarter. Regards. Rajiv

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