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Strategies & Market Trends : Piffer OT - And Other Assorted Nuts -- Ignore unavailable to you. Want to Upgrade?

To: Rich1 who wrote (49170)	8/17/2000 3:51:06 PM
From: John Pitera	Read Replies (1) \| Respond to of 63513

MEAD beat their earnings consensus this past Q. and has a forward PE of 11. and a mkt of 300 million LU disappointed and has a PE that is much higher for a non executing company with a massive market cap of 145 Billion btw I'm kind of warming up to LU down here. but I've read a fair bit of the LU research and they will be troubled a bit until they spin off their equipment business which will be happening in coming months. it should prove to be disruptive, some employees being shipped off to the slow growth spin off and others staying behind in the higher growth area of the company. I have not bought any LU. --------------- with mead ignore the downgrade as it was much higher in april but focus on this in bold ----18-Apr-00 11:00 -- 12:00 ET Meade Instruments (MEAD) 67 1/2 -2 1/2: Tucker Anthny Clry downgrades to ACCUMULATE from STRONG BUY. We remain very excited about the potential of Meade’s telescope business and believe that the potential still exists for a major valuation increment from future wireless optical telcom component revenues. However, increased earnings uncertainty (and today’s more skeptical market climate) lead us to reduce our rating. ----