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Technology Stocks : Ascend Communications (ASND)
ASND 205.50-1.5%Dec 5 9:30 AM EST

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To: Mighty Mizzou who wrote (60751)4/12/1999 12:40:00 PM
From: polarisnh  Read Replies (2) of 61433
 
How about a downgrade today instead! How can you downgrade Lucent and place buy recommendations on inflated Internet stocks. I'm sorry, I don't get it!

Monday April 12, 12:16 pm Eastern Time

RESEARCH ALERT - Soundview cuts Lucent

NEW YORK, April 12 (Reuters) - SoundView Telecommunications said Monday it cut Lucent Technologies Inc (NYSE:LU - news) to a hold from a buy rating and initiated coverage of America Online (NYSE:AOL - news) and Yahoo Inc (Nasdaq:YHOO - news) with a buy rating.

-- lowered Lucent 1999 earnings estimates to $1.15 from $1.16 and 2000 estimates to $1.35 from $1.40.

-- started America Online with 1999 earnings estimates of $0.36 and fiscal 2000 estimates of $0.52.

-- started Yahoo with 1999 earnings estimates of $0.48 and fiscal 2000 estimates of $0.61.

-- Lucent shares were off 3-5/16 at 60-5/16, America Online shares were off 1-1/2 at 158-5/16 and Yahoo shares were off 3-1/4 at 203-7/16 on Monday.
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