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


To: X Y Zebra who wrote (3247)7/22/1998 9:41:00 PM
From: Sueponine  Read Replies (7) | Respond to of 21876
 
To All, Simple question. Is it too late to get into LU. I own TLAB and CSCO and I am continually finding myself looking around and questioning myself, "Now why is it again that I don't own LU?" A simple yes or no will do. Not looking for investment advice, will do my own DD, well, already have to some extent.
Later.
Susanne.



To: X Y Zebra who wrote (3247)7/23/1998 3:29:00 AM
From: Ridi J  Read Replies (1) | Respond to of 21876
 
<<Lucent announced loosing a record $230 million and everyone is buying.>>

I thought acquisition expenses were only "losses" if the acquiree ultimately didn't produce. If I netted $60,000 last year and bought a house out of savings for $200,000, I'd show a loss of $140,000 for the year. But I have a house! Is this an erroneous analogy for LU acquiring Yurie et al? If I could swap some equity in my house for a vacation home (i.e. stock swap), my earnings would still be $60,000. Is this how using stock to acquire companies works?

I'm long on LU mostly because I have a blazing computer, but I still have a painfully slow pipeline to what I use my computer for most. The companies who fix the telecom bottleneck at my home phone jack will prosper well into the next century.