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

To: Ibexx who wrote (1295)	1/28/1998 10:24:00 PM
From: Ibexx	Read Replies (2) \| Respond to of 21876

LU Investors: H&Q reiterated BUY recommendation for LU today )1/28) and below are the summaries: PLEASE READ AT OWN RISK Report was authored by Joe Noel. ______________ SUMMARY: 1) Over the past week, Lucent Technologies' stock price has exhibited considerable strength in a generally volatile telecommunications equipment market. 2) We believe that some of the support for the stock's price is due to the Company's recent strong December quarter operating results. 3) We believe that there are at least five key reasons that the prudent telecomunication equity investor should consider including Lucent in the core holdings of his or her portfolio. 4) We believe that the Lucent's objective is to become the preferred worldwide provider of telecommunications products and solutions to the broadest range of customers. 5) Currently trading at only 26x our calender 1998 estimate and with a 32% EPS growth rate, we believe that LU has substantial opportunities to exceed our estimates over the coming quarters. Estimates Q1 Q2 Q3 Q4 FY 98 EPS ($) 1.72A 0.19E 0.49E 0.70E 3.10E 98 Rev ($) billion 8.7 A 6.1 E 7.2 E 7.9 E 30.0E 99 EPS ($) 1.81E 0.31E 0.62E 0.81E 3.55E 99 Rev ($) billion 10.4E 7.6 E 8.3 E 8.9 E 35.2E P/E FY98;FY99: 27x; 24x ___________ Ibexx