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Technology Stocks : Cisco Systems, Inc. (CSCO) -- Ignore unavailable to you. Want to Upgrade?


To: Zoltan! who wrote (31017)1/6/2000 4:53:00 PM
From: KM  Read Replies (1) | Respond to of 77400
 
I got some CSCO at 93 7/8. Unbelieveable.



To: Zoltan! who wrote (31017)1/6/2000 4:55:00 PM
From: Mark Duper  Read Replies (1) | Respond to of 77400
 
Lucent Halted Following Earnings Warning, Lehman Price Target Boost
1/6/00 4:42 PM ET

By Brian Louis
Staff Reporter

Right after the bell, Lucent (LU:NYSE - news) announced that its first-quarter results would fall below
analysts' expectations. The stock was halted at 4:04 p.m. EST. It closed trading today down 3 5/16, or
4.6%, at 69 1/16.


Lucent warned it expects its first-quarter operating earnings to fall short of Wall Street expectations. Lucent
said it expects earnings to be in a range from 36 cents to 39 cents a share, far short of the First
Call/Thomson Financial 29-analyst estimate of 54 cents.

Earlier this afternoon, Lehman Brothers raised Lucent's price target to 95 from 90. In the firm's note on
the move, analyst Steven Levy wrote that, "as 2000 kicks off, we want to reiterate our positive views on the
telecommunications equipment industry and express our bullish outlook for the companies in this group.
We have extended our forecasts through calendar 2001 and arrived at new end-of-year-2000 price targets
for our companies based on these new 2001 estimates."

Lehman, however, did not make an adjustment to its 53-cent, first-quarter earnings estimate.