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

To: Techplayer who wrote (14643)	5/5/2000 7:53:00 AM
From: Techplayer	Respond to of 21876

Briefing.com General Commentary While much of the attention will be on the jobs data and their implication for the Fed, I'm convinced that Greenspan & Co. will abandon gradualism in favor of more aggressive 50bp rate hike almost regardless of employment report... Jobs data would have to be much weaker than expected to alter that forecast... Given that market is already pricing in a 50bp hike, stocks positioned to rally after the fact. Techs showing decent relative strength of late, holding up in the face of growing anxiety over the Fed... Base building will be positive once sentiment begins to improve... However, as we noted the other day, there remain many former high-flyers that continue to trade at unrealistic valuation levels... Stocks like Juniper Networks (JNPR), Red Hat (RHAT), Infospace (INSP), etc... The value has been created in the bigger names such as Microsoft (MSFT), Lucent (LU), America Online (AOL), Intel (INTC), Motorola (MOT), etc... Briefing.com expects the latter group to pace the recovery, while stocks in the former group struggle to keep pace at least until we see a significant pick-up in daytrading activity (which will be evident by volume increase and block trading data). 24) TELECOM EQP.......1.......4/10......(=) Comment: Group's prospects over the next few years remain outstanding, as telecom service companies are spending big to upgrade the telecomm infrastructure in order to meet burgeoning demand for increased bandwidth. Given the Net's explosive growth, rapid growth in the small-office/home office (Soho) market and tremendous international opportunties for expansion, Briefing.com sees no prolonged let-up in the groups performance for some time to come... Would take a material slowing in the domestic economy to dampen the long-term bullish view, and right now there are just no signs of a slowdown... Even recent actions by Fed only likely to slow growth down to the 4%-3% range... Consolidation is another reason to like the industry, as Briefing.com expects deal activity to remian brisk as foreign companies continue to look to expand presence in the US. Stocks: ADC Telecommunications (ADCT), Adtran (ADTN), Advanced Fibre Communications (AFCI), Andrew Corp. (ANDW), Aware (AWRE), Ciena (CIEN), Copper Mountain (CMTN), Corning (GLW), Ericsson LM (ERICY), E-TEK Dynamics (ETEK), International Fibercom (IFCI), JDS Uniphase (JDSU), Lucent Technologies (LU), Metromedia Fiber (MFNX), Nokia (NOK), Nortel Networks (NT), Paradyne (PDYN), Powerwave Tech (PWAV), Qualcomm (QCOM), Scientific-Atlanta (SFA), SDL Inc. (SDLI), Sycamore Networks (SCMR), Teligent (TGNT) and Tellabs (TLAB).