Lucent Technologies is on a tear thanks to Chairman HENRY B. SCHACHT, 63, and CEO RICHARD A. McGINN, 51. Since its '96 spin-off from AT&T, Lucent has broadened its product offerings to swiftly tap new customers, including many AT&T competitors. Earnings should be up 42% for '97, sending the stock soaring 151% since a '96 initial public offering. In October, Schacht handed over the CEO post to McGinn, who will be mostly calling the shots on his own.

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