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Technology Stocks : Lucent Technologies (LU)
LU 2.650+0.4%Dec 26 9:30 AM EST

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To: Dolfan who wrote (9609)9/28/1999 12:50:00 AM
From: David C. Burns  Read Replies (1) of 21876
 
I am thankful that is a volunteer type request. When I first opened up the letter I thought it was asking me to sell all my shares, that they would no longer handle odd lot accounts.

I am going to see about sending them my open market stock certs and pool them together. That way they are safer anyway.


They are probably basing their mailing on the shares you hold in your name, not in the DRIP account. And unless they are consolidated, you could appear as an odd lot holder even if they total more than a round lot.

As for the voluntary nature of it, I saw an interesting twist on this last year - a company got authorization from its shareholders to do a 1 for 10 reverse split immediately followed by a 10 for 1 split.

Therefore almost all of the small holders got cashed out involuntarily and everybody else was essentially unaffected.
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