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


To: Mighty Mizzou who wrote (7207)4/12/1999 1:18:00 PM
From: Haim R. Branisteanu  Respond to of 21876
 
Mizzou, thanks

Monday April 12, 12:33 pm Eastern Time

CORRECTED - RESEARCH ALERT - Soundview cuts Lucent

In NEW YORK story headlined ''SoundView cuts Lucent'' pls read the lead as...SoundView Technology said Monday it cut...instead of...SoundView Telecommunications said Monday it cut... (corrects name of broker).

Corrected version follows:

NEW YORK, April 12 (Reuters) - SoundView Technology said Monday it cut Lucent Technologies Inc (NYSE:LU - news) to a hold from a buy rating and initiated coverage of America Online (NYSE:AOL - news) and Yahoo Inc (Nasdaq:YHOO - news) with a buy rating.

-- lowered Lucent 1999 earnings estimates to $1.15 from $1.16 and 2000 estimates to $1.35 from $1.40.

-- started America Online with 1999 earnings estimates of $0.36 and fiscal 2000 estimates of $0.52.

-- started Yahoo with 1999 earnings estimates of $0.48 and fiscal 2000 estimates of $0.61.

-- Lucent shares were off 3-5/16 at 60-5/16, America Online shares were off 1-1/2 at 158-5/16 and Yahoo shares were off 3-1/4 at 203-7/16 on Monday.

Haim