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Technology Stocks : Lucent Technologies (LU)

LU 3.120

+11.4%

Oct 31 9:30 AM EST

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From: Gottfried	12/28/2005 6:33:25 AM
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"Lucent's pension-fund surpluses accounted for 82% of profits in fiscal 2005, the result of plan assets that outweigh obligations." from WSJ "Heard on the Street" online.wsj.com excerpt The company's latest annual report to the Securities and Exchange Commission -- filed Dec. 14 for the fiscal year that ended Sept. 30 -- shows that the pension plan's ability to shore up the bottom line is likely to continue. The primary reason: the $34 billion pension plan presently has $2.7 billion more in assets than obligations, and while the assets are likely to grow, the obligations aren't. That is because the overwhelming majority of people covered by the pension plan already are retired. The pension plan covers 120,000 U.S. retirees, and Lucent has 20,000 active U.S. workers.

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