Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Sonki who wrote (8486)	7/2/1999 1:58:00 PM
From: Sawtooth	Read Replies (1) \| Respond to of 21876

By Debra McGarry, CBS MarketWatch Last Update: 1:40 PM ET Jul 2, 1999 NewsWatch CHARLOTTE, N.C. (CBS.MW) -- Glenayre Technologies charmed the market Friday, its shares rising 40 percent with the help of a large block trade following positive news Thursday. Stock in the telecommunications equipment and software supplier (GEMS: news, msgs) jumped 1 3/4 to 5 11/16 on volume of 10.7 million shares. According to Eric Buck, analyst at Donaldson Lufkin & Jenrette, one large block of shares traded hands Friday morning, about 2.5 million, "which likely led other investors to put their money in." On Thursday, Lucent Technologies' (LU: news, msgs) subsidiary AG Communications Systems and Glenayre agreed to provide a next-generation Intelligent Network-grade applications platform for the prepaid services market. "The introduction of AG Communication Systems' network expertise and Service Control Point technology into the Glenayre Intelligis product line represents a key investment in the future for Glenayre and our customers," said Terry Kraft, general manager and vice president in a release. Buck however, said he thinks "the deal with AG Communications was not a major deal." Shares of Lucent were up 2 to 70 1/16 in recent trading.

To: Sonki who wrote (8486)	7/2/1999 3:01:00 PM
From: William Hunt	Read Replies (2) \| Respond to of 21876

Sonki ---Really good to hear from you ---the stock is doing find ---with all the economic news out of the way it should reach a high before earnings of 75 ---The only issue is the P/E being so high--- BEST WISHES BILL