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

To: Justin Franks who wrote (4824)	10/27/1998 8:33:00 AM
From: Haim R. Branisteanu	Respond to of 21876

Justin, you are right based on fundamentals, and LU is grossly overvalued but the momentum players are in this stock and regardless of fundamentals they will push it up, until it will blow into their face. Telecom market is very competitive and margins are shrinking as will profits, but most stock buyer can care less as long as the stock goes up. LU earnings growth will be around 20% at best, but that does not matter anymore stock are traded now as commodities, not on fundamentals. Sorry but those are my two cents. BWDIK Haim