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

To: A. Edwards who wrote (11078)	11/12/1999 3:28:00 PM
From: Mr.Fun	Read Replies (3) \| Respond to of 21876

The DLJ analyst, Mr. Eric Buck, has been negative on LU for more than three years. If he is stubborn enough to stay on the wrong side of this stock for that long, it is not surprising that he remains bearish now. I can respect an analyst that goes against the grain, but Eric's analyses are poorly constructed and his conclusions unsupported. He is not well respected on the street. Steve Levy of Lehman, Eric's erstwhile fellow bear, has a lot more credibility (undeserved) - hence when he turned bullish, the stock had a nice bump. As I said yesterday, there remains a little squirrelishness around the Dec. quarter, but most of my industry colleagues appear to be behind the story. Look for a serious run in Jan/Feb to take LU to $100.