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

To: chirodoc who wrote (1217)	1/14/1998 1:01:00 PM
From: Ibexx	Read Replies (2) \| Respond to of 21876

Dear thread, The following are details of H&Q's newly issued BUY recommendation. Please read at own risk. SUMMARY: 1. We (H&Q) are initiating coverage of Lucent Technology with a BUY recommendation. 2. Our estimates for LU's December quarter are $1.52 EPS on revenues of $9.19 billion. 3. We believe that Lucent possesses a nearly unmatched ability to offer its customers a very competitive offering of flexible solutions to meet the increasing demands of their various telecommunications needs. 4. Technological leadership, a blue-chip customer base and value-added innovative marketing programs enable LU to build significant bariers to entry and grow faster than the broader telco equipment market. 5. Currently trading at only 24x our calender 1998 estimate and with a 22 EPS growth rate, we believe that LU has substantial opportunities to exceed our estimates. _____ The analyst who authored this recommendation is Joe Noel. Ibexx