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

To: Bindusagar Reddy who wrote (5785)	1/22/1999 10:38:00 AM
From: William Hunt	Respond to of 21876

THEAD ---FROM ARGUS RESEARCH ---UPDATE JAN21 Raises earnings for 1999 from 2.05 to 2.15 per share Raises earnings for 2000 ( which starts OCT 1 ) from 2.45 to 2.63 per share Target price 140 within the next twelve months BUY RATING BEST WISHES BILL

To: Bindusagar Reddy who wrote (5785)	1/22/1999 11:34:00 AM
From: Doug	Respond to of 21876

Bindusagar: Thanks for pointing out that error which regarding ASND shares. (The 305m was based on 370m. That was ASND rev last Q from the TECHSTOCK Board which I had incorrectly noted down as No of shares.). Based on the new shares , the following is the revision. LU: Shares 1320m ; Rev/q= $9204m ; Income=$1414m ASND: Shares 177m ; Rev/q=$475m ; Income=$69.8m New LU: Shares 1497m; Rev/q=$9675m; Income=$1484m Prorata based on existing performance w/o any growth. New LU: Shares 1497m ; Rev 10972m ; Income=$1603.6m With 15% growth the revenue and Income figures will have to be much higher. I trust this revision will be in order & I wont have to contemplate jumping of any Bridge.