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

To: shaanxi who wrote (5086)	12/4/1998 3:58:00 PM
From: Anthony Wong	Read Replies (1) \| Respond to of 21876

Dow Jones 15:50 T =Lucent Up : Comfortable With Estimates For Dec. Quarter NEW YORK (Dow Jones)--Lucent Technologies Inc. (LU) shares were recently up 9%, which analysts attributed to a positive outlook given by the company at Credit Suisse First Boston's technology conference. Credit Suisse barred Dow Jones and other newswires from attending the conference. Goldman Sachs & Co. analyst Mary Henry said Lucent Chief Executive Rich McGinn has been "talking to investors privately on the heels of a presentation at the CS First Boston conference." In a research note, Goldman said Lucent's senior management is giving a very encouraging update at meetings with institutional investors Thursday in Phoenix and Friday in Boston. "Recently some very large international orders have been received, offsetting some of the sluggish ordering from a couple of RBOC's (regional Bell operating companies) earlier on the quarter," the note said. "Factories are now running at full capacity (and) this is encouraging for the March quarter outlook as well as for the December quarter," it said. NationsBanc Montgomery Securities Inc. took the opportunity to reiterate its buy rating on Lucent stock. In a research note, NationsBanc analyst Al Tobia wrote that Lucent has "significant" opportunities for margin improvement, resulting from both operating expense controls and management of the tax rate. "Significant growth opportunities exist in the international market" for Lucent, Tobia added, noting that the company remains comfortable with analysts' estimates for the December quarter. Lucent shares were recently up 8, or 9.1%, at 96 3/8 on volume of 12.2 million shares, compared with average daily volume of 8.5 million. -Victor Ozols; 201-938-5394 (END) DOW JONES NEWS 12-04-98 03:50 PM