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

To: Mark Palmberg who wrote (3434)	7/30/1998 3:32:00 PM
From: The Phoenix	Read Replies (3) \| Respond to of 21876

They're probably considering valuations... that's my guess. LU's PE is pretty high, you have to admit. As for "the acquistion" that's probably dialed in. If LU swallows someone big it'll take a quarter or two to digest...CSCO's valuations won't hurt until LU goes through that period and comes out the other side. In fact I suspect LU will see a bit of weakness come October. An uneducated guess. ;) Gary

To: Mark Palmberg who wrote (3434)	7/31/1998 12:36:00 AM
From: Claude	Read Replies (1) \| Respond to of 21876

Large acquisitions are expensive, dilutive, and hard to digest. CISCO has a perfect track record of eating up small players with promising tech. They get entrepreneurial talent and little or no duplication. Maybe this is why they are favored by Fortune. Check out some other companies stock prices that have made large acquisition's and look at the statistics behind these things. (Compaq, Nortel) Personally the more I hear about this large acquisition in the fall the more I'm inclined to sell and wait until the dust settles (later this summer that is). I held NT when they bought BAY and I didn't like that haircut at all. Claude (rhymes with TOAD) LONG CISCO and LU