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

To: Jim Rokosh who wrote (1464)	3/1/1998 5:14:00 AM
From: RavBruce	Read Replies (2) \| Respond to of 21876

Although I continue to be bullish about Lucent over the long term, I am willing to stick my neck out a bit and say that I am concerned about the recent rise. It has put Lucent at ratios far out of league of where they should be. I think Lucent deserves a premium to the market for their quality of research, management, etc. but it is a little rediculous. In a NY times article on Friday, a management member (in finance but I can't remember their position) compared them to Merck(one of my favorate long-term stocks) in terms of R&D, quality of revenue growth etc. The problem with the comparison is if they sold at the same multiple(even after Mercks very sharp rise in recent weeks), Lucent would sell at 89!!!! Lucents P/E is over 99 according to todays NY Times!!!!! That is unwarranted by their current story and size. Also, Lucent has reached many analysts 98 targets by mid Feb. Although I will not bet money or short my shares--I think Lucent may end the year only a little higher than where it is now and there will be a pull-back to @100 after the split hysteria dies down. This is barring any major, unpredicted news by Lucent. Sorry to crash the party, Bruce