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Technology Stocks : Lucent Technologies (LU)

LU 2.570

-3.0%

Nov 17 3:59 PM EST

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To: Mark Duper who wrote (6008)	2/3/1999 2:34:00 PM
From: William Hunt	Read Replies (1) of 21876

Mark --- From CSCO conf call yesterday ----"While it's not unusual for a high-flying tech stock like Cisco to trade down after beating the consensus by only a penny, the dip may also reflect concerns about competition from Lucent (NYSE:LU - news) , which just bought Ascend Communications (Nasdaq:ASND - news) . In a conference call following the report, Cisco acknowledged that the Lucent-Ascend combination presents a challenge since there is considerable overlap in markets where Cisco and Lucent will now compete". BEST WISHES BILL

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