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Technology Stocks : Lucent Technologies (LU)

LU 2.560

+0.4%

Dec 2 3:59 PM EST

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To: Diamond Jim who wrote (7403)	4/16/1999 2:26:00 PM
From: Cents	Read Replies (1) of 21876

James, Magellan is just trimming back some of its stock holdings. From Briefing.com: Fidelity's Magellan Fund : according to Dow Jones, the Fidelity Magellan Fund is said to be taking some profits and trimming its positions in well know tech stocks such as Intel Corp. (INTC 57 3/8 -1 1/16), Lucent Technologies (LU 57 1/8 -7/8), and America Online (AOL 145 5/8 +1 3/4); the fund has reduced its tech stocks holdings from 25.5% at the end of January to 20.9% as of March 31..... Don't worry, they'll be bought back. Time to trim down my magellan large cap shares, and go long more LU stock. <g> Cents

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