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

To: William Hunt who wrote (10777)	10/28/1999 11:41:00 PM
From: TTOSBT	Read Replies (1) \| Respond to of 21876

Re: "he P/E before earnings would usually rise to a P/E of 90 before earnings and then dropped back to the low 70 area after earnings were reported . This time we are at a P/E of 57 ---something has change in the valuation OF LU's future earnings growth potential . If we had stayed with the low 70 area we would be trading around 77 to 80 dollars a share . " One thing you left out of your equation is interest rates; they are 1/2 point higher since p/e 70! TTOSBT