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To: Mighty Mizzou who wrote (57865)	12/6/1998 2:15:00 PM
From: Mark Duper	Read Replies (1) \| Respond to of 61433

Top Stories: Lucent Soars on Hints It Will Hit Its Numbers By Kevin Petrie Staff Reporter 12/4/98 5:37 PM ET For Lucent (LU:NYSE), the humdrum telephone business is ringing up plenty of dollars. Amid euphoria for technology stocks, the telecom supplier's stock climbed steadily Friday, finishing up 7 1/4 at 95 5/8. Nearly 13 million shares traded, following continuing indications that the company will show good numbers in the fourth quarter and next year. In the last two days Lucent executives have told institutional money managers in Boston that they are more confident than ever Lucent will earn the expected $2.09 per share in the fiscal year ending in September 1999. That's according to the research team at J.P. Morgan. Morgan says customers are clamoring for Lucent products, stretching manufacturing capacity, though Lucent is confident it can expand facilities to meet the demand. Now that's a nice problem to have. J.P. Morgan was one of many underwriters in Lucent's IPO. Lucent downplayed any boasting it might have done. "Our demand remains strong," says a Lucent spokesman. "That's not a new messsage." Lucent is confident it will meet expectations next year, the official said, but he would not comment further. By gaining 66% since Oct. 7, Lucent shares have nearly returned to their summertime highs. Very few worries linger that telephone carriers are slowing their purchases of the older-fashioned telephone gear made by Lucent. "Everybody was shorting in early November," says one trader. Today many shorts have covered. And bears who bought put options, speculating that Lucent would slip, have abandoned their efforts. The trader saw "a lot of worthless [Lucent] options on the third Friday of November." Rival Cisco (CSCO:Nasdaq) was also a winner today, gaining 2 1/16 to end at 78 1/4 . Cisco, up 78% since early October, has regained its momentum as investors continue to bet on the Internet