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

To: Diamond Jim who wrote (6289)	2/17/1999 4:03:00 PM
From: The Phoenix	Read Replies (1) \| Respond to of 21876

I am a bit puzzled why CSCO has a P/E of 120 while LU is at 84 and stumbling. Well, they're both stumbling. At least the split announcement seems to have held up LU/ASND today. I agree though... LU seems to get talked down a lot more than CSCO yet the PE looks better. I know LU has much lower margins...could that be the issue? OG

To: Diamond Jim who wrote (6289)	2/17/1999 4:36:00 PM
From: ALTERN8	Read Replies (1) \| Respond to of 21876

I've made and lost money in this market like everyone else but the biggest mistake I ever made was selling LU at 77 post split about a year ago. Now I'm back in LU with less than half my original shares but this time I don't care if the markets break in half, I'm holding this one as tight as possible. I was also a Cascade shareholder when Ascend went after them in '97. I still believe that Cascade had great technology now incorporated with Ascend and soon to be with LU. As far as this consolidation goes, yes it might be hard to swallow but when it's down in the stomach.... watch out. Look at CPQ now, DEC was a big bite but now CPQ is going to kick DELL's butt. LU needs Ascend to compete with CSCO. Ascend is #1 in worldwide frame relay switching, #1 worldwide in multiservice WAN switching, #1 worldwide in ATM WAN switching, #1 worldwide in remote access concentration and the #1 US virtual private networking company. IMO,right now LU is a better value than CSCO but they will both accumulate, succeed and double in value (at least) within a year.