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

To: Sawtooth who wrote (5775)	1/22/1999 9:29:00 AM
From: William Hunt	Read Replies (3) \| Respond to of 21876

Tim ---You might be interested in the following : LUCENT TECHNOLOGIES INC (LU) - Two or more analysts revise their annual earnings estimates within a 24 hour period. 6 Analysts changed their annual earnings estimate. The Consensus Estimate changed from $2.20000 to $2.23000. Last Price: $106.93750 at 5:01PM EST on January 21 1999 Attachment Filename: LU722.PDF Amazing that the stock is being hit but the earnings are going up --- LU will be back in the near term BEST WISHES BILL

To: Sawtooth who wrote (5775)	1/22/1999 10:45:00 AM
From: Tommaso	Read Replies (1) \| Respond to of 21876

I think you are correct about that. I think there is definitely a solid floor for the stock and that people with fivefold gains don't want to pay the taxes and won't sell. But that still leaves about a tripling of the stock within the one-year holding period for capital gains, and I think that a lot of that is speculative buying, possibly much of it on margin, that has pushed it up beyond a reasonable level. Sooner or later (unless, of course, you die) you have to pay taxes on gains if you want to enjoy them. I think that a person with a lot of money tied up in LU would do well to bow to the inevitable and pay the taxes on at least some of their holdings. I think the stock is priced at what it ought to be in the year 2007 or so and that there will be an opportunity to buy it at a better price than now prevails. It certainly is an excellent company.