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

To: David C. Burns who wrote (5872)	1/26/1999 4:13:00 PM
From: Tech Bull	Respond to of 21876

Yea but: Per the article, why the pop when the split is announced vs the split day when 1/2 price folks can actually buy?? I guess it's 'anticipation that demand will go up on the split' so demand goes up on the split announcement. Whatever, I like it, and increasingly you can bank on it!

To: David C. Burns who wrote (5872)	1/26/1999 4:13:00 PM
From: William Hunt	Read Replies (1) \| Respond to of 21876

Thread----Lucent Technologies Inc. Dow Jones Newswires -- January 26, 1999 Lucent, Northern Telecom Shrs Up; Nortel 4Q Seen As Bullish By Shawn Young NEW YORK (Dow Jones)--Shares of telecommunications equipment makers rose Tuesday as Northern Telecom Ltd. (NT) and smaller Tellabs Inc. (TLAB) issued fourth-quarter results that beat expectations and projected relentless demand. Shares of Tellabs, Lisle, Ill., and Canada's Northern Telecom, known as Nortel, reflected the positive results, but the sector's biggest winner was industry giant Lucent Technologies Inc. (LU). Lucent's stock sagged last week after its first fiscal quarter earnings beat expectations, but paperwork delays weakened revenue growth. The Murray Hill, N.J., company said the delay did not reflect any slowdown in demand and projected stronger results for the year than analysts had forecast, but investors held back. They seemed to get the reassurance they needed from Nortel's results, with Tellabs earnings adding still more emphasis, analysts said. "The tone of business appears to be positive," said Robinson-Humphrey Co. analyst Greg Mesniaeff. "There's no indication that demand for infrastructure is slowing." The growth of the Internet is leading to an explosion in demand for more data-transmission capacity, which in turn is leading to more demand for network equipment, Mesniaeff said. Lucent's NYSE-listed shares recently were up 6 1/2, or 6.4%, to 108 5/18 in moderate trading, while Nortel's NYSE-listed stock rose 2 7/8, or 5.2% to 58 5/16 in heavy trading. Tellabs shares were up 2 7/16, or 2.9%, to 86 3/8 in heavy Nasdaq trading. Shares of Ascend Communications Inc. (ASND), which Lucent is buying, also rose 6%. Shares of most of the major telecommunications equipment, technology and data networking companies gained in a generally upbeat day for both NYSE and Nasdaq stocks. Among those whose shares were up recently are: Cisco Systems Inc. (CSCO), Motorola Inc. (MOT), Qualcomm Inc. (QCOM), and Nokia Corp. (NOKA). BEST WISHES BILL PS Basically says LU is great shape for this qtr with the extra revenue from the fourth qtr