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Technology Stocks : Lucent Technologies (LU)

LU 2.895

+2.7%

1:36 PM EST

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To: Haim R. Branisteanu who wrote (6026)	2/4/1999 11:23:00 AM
From: William Hunt	Read Replies (1) of 21876

Haim---Sounds like the people in the know are playing the game ---Thursday February 4, 10:58 am Eastern Time Lehman says Lucent "appears ahead of itself" NEW YORK, Feb 4 (Reuters) - Lehman Brothers on Thursday reiterated its neutral rating on Lucent Technologies, saying the company's current stock valuation ''continues to appear ahead of itself.'' -- Says it has been recommending since mid-August that investors sit on the sidelines instead of buying Lucent shares because of high valuations. Shares have been trading at about 40-50 times 1999 earnings estimates. By the way I talk to MERRILL LYNCH yesterday ---they have a buy on the stock for 135 to 140 per share . Sounds to me like they are shaking the tree to buy in cheaper . Nothing has change about LU except for people looking for a cheaper way to get into the stock . My opinion BEST WISHES BILL

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