Lucent Technologies (LU) Message Board

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Technology Stocks : Lucent Technologies (LU)

LU 2.370

-2.5%

Nov 20 3:59 PM EST

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To: Haim R. Branisteanu who wrote (6329)	2/21/1999 4:51:00 PM
From: Judy	Read Replies (4) of 21876

Haim, technically if LU cannot break 107-108 it should pullback. However, if LU does break thru but makes a lower top than on its previous retrace up, my sense is that your paired trade of short LU/long NT is a good strategy. A month or so before the LU buyout announcement, I posted ASND could not stand alone and at most will have one-two good earnings quarters due to its dominant inroad in the carrier space. ASND has already reported one good quarter ... within the next quarter or two I'd expect ASND earnings to slow and be dilutive to LU's bottomline. For this reason LU's forward growth was lowered from the previous 30-35 percent to 20 percent during the recent downgrade. Furthermore, the 4/1 paydate for LU's split appears strategic to me ... timed to compensate for the price action should the ASND merger prove dilutive to LU near-term, which I expect it will.

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