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

To: gc who wrote (3952)	9/7/1998 10:38:00 AM
From: Sawtooth	Read Replies (2) \| Respond to of 21876

<<Are you sure you want to liquidate all of your position in LU? The market is near its bottom. And you are selling your blue chip growth stocks at the market bottom? Not very smart! I won't do that. The market has been off 20+% with economy still going strong>> While not disagreeing with you that LU is an outstanding company (and I am long LU and believe telephony/nw'ing is the industry to carry us forward into the next century), I think one thing that is questioned more frequently in a time of likely slowing earnings is Lu's P/E compared to it's estimated growth rate, or PEG. I don't know Lu's exact P/E today but it's in the (approximately) 50% area with earnings growth estimated in the 20% area. This is a valid question, IMO. ...Tim