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

To: Ibexx who wrote (2545)	5/4/1998 8:29:00 AM
From: Paul W	Read Replies (1) \| Respond to of 21876

The timing is unfortunate as today looks to be a good overall market day. LU would have been a big winner instead probably only go up a point!! Barron's is consistently wrong.. SEE DELL MSFT etc... What is missing is the fact that the parameters of value are changing as the boomers invest heavily for retirement. Even most people in their late 20's have 401k's. More consistent dollars chasing few quality (LU) stocks. Valuations based on the last 30 yrs are no longer accurate. While 20 times earnings may seem high for most companies the norm for good ones may become 30-35 times. Lu is in a class by itself. It's ability to create new technology puts it at a premium to the market. At any time they could change the way the world conducts its'communication.