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Technology Stocks : Lucent Technologies (LU) -- Ignore unavailable to you. Want to Upgrade?

To: Mighty Mizzou who wrote (8133)	6/13/1999 1:29:00 PM
From: Bindusagar Reddy	Read Replies (1) \| Respond to of 21876

Business week PICKS by Paul Johnson this week, LU is on top in telecom equipment. LUCENT TECHNOLOGIES WHY: While there are dozens of flashy newcomers in the telecom-equipment industry, Johnson likes the prospects for a pair of tried and true powerhouses. Lucent Technologies, trading at 61, was spun off from AT&T in 1996 and has built a track record of surging revenues and profits. Although sales in the first fiscal quarter, ended Dec. 31, fell short of expectations, the company came roaring back in the second quarter with a 33% rise in revenues, to $8.22 billion. ''After the December quarter, there was a lot of shaking of heads,'' says Johnson. ''Then they put up a March quarter that was the envy of everybody.'