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Technology Stocks : Lucent Technologies (LU)

LU 2.580

-3.6%

3:59 PM EST

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To: stilts who wrote (12498)	1/10/2000 12:50:00 AM
From: Jack Whitley	Read Replies (1) of 21876

<<<<< >As for all the anger from those claiming McGinn must've know earlier about the bad results, let me ask you, would it have mattered had he come out the first day of the quarter with the same message?< It would have made a huge difference. Bluster is not a character trait one desires in a CEO; credibility is. Lu's proposal to increase the authorized shares for a stock split was one of the greatest headfakes in history.>>>>> He had no choice but to wait until this week. What if he had announced this in Nov or Dec, and there was also a Y2K related selloff, the stock could have been really decimated by a double round of selling. Clean up the balance sheet and after 10 years, retire on this one. jww

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