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

To: P2V who wrote (2227)	4/11/1998 10:30:00 PM
From: Immi	Respond to of 21876

Wow has Lucent been on a tear lately. The industry trend toward one stop shopping has applied to telecommunications infrastructure equipment in a big way, not to mention the demand for Global System for Mobile Communications infrastructure equipment. Paine Webber just raised its price target on the stock to $84 based on 40 times 1999 earnings per share ($2.10). The company reports on April 22, and numbers should be on the high side of consensus. With analysts raising their multiples for the stock, numbers are going to be moving up. Interestingly, Murray Hill, N.J.-based Lucent is almost at the same equity market capitalization as its former parent, AT&T ($95 billion for Lucent and $107 billion for AT&T). Lucent employees are loving it. ------------------------ from techweb.com Model P portfolio