LU $2.80 / (.07 X 4 qtrs = .28) =10 PE
Why is lucent trading at a 10 pe
If Lucent is lowering it's net income
in the 4th quarter to 7 cents and
LU makes only 7 cent per quarter,
then LUCENTS PE IS ONLY "10"
.07 cents X 4 quarters = .28 for year
$2.80 / .28 = 10 PE