To all,
I really find the great conspiracy theory a little hard to believe, seeing as how legal constraints limit making a positive statement concerning distribution.
See the following Lucent S-1.
Quite similar huh?
LUCENT TECHNOLOGIES
COMMON STOCK
------------------------
LOGO
OF THE 111,000,000 SHARES OF COMMON STOCK BEING OFFERED, 97,000,000 SHARES ARE
BEING OFFERED INITIALLY IN THE UNITED STATES AND CANADA BY THE U.S.
UNDERWRITERS AND 14,000,000 SHARES ARE BEING OFFERED INITIALLY OUTSIDE THE
UNITED STATES AND CANADA BY THE INTERNATIONAL UNDERWRITERS. ALL OF THE
SHARES OF COMMON STOCK ARE BEING OFFERED BY LUCENT TECHNOLOGIES INC.,
WHICH IS CURRENTLY A WHOLLY OWNED SUBSIDIARY OF AT&T CORP. PRIOR TO
THE OFFERINGS, THERE HAS BEEN NO PUBLIC MARKET FOR THE COMMON
STOCK. IT IS CURRENTLY ESTIMATED THAT THE INITIAL PUBLIC OFFERING
PRICE WILL BE BETWEEN $22 AND $25 PER SHARE. SEE "UNDERWRITING"
FOR A DISCUSSION OF THE FACTORS CONSIDERED IN DETERMINING THE
INITIAL PUBLIC OFFERING PRICE.
AFTER THE OFFERINGS, AT&T WILL OWN APPROXIMATELY 82.5% (80.4% IF THE U.S.
UNDERWRITERS EXERCISE THEIR OVERALLOTMENT OPTION IN FULL) OF THE COMMON STOCK.
AT&T HAS ANNOUNCED ITS INTENTION, SUBJECT TO SATISFACTION OF CERTAIN
CONDITIONS, TO DIVEST ITS OWNERSHIP INTEREST IN THE COMPANY BY DECEMBER
31, 1996 BY MEANS OF A TAX-FREE DISTRIBUTION TO ITS SHAREHOLDERS. SEE
"ARRANGEMENTS BETWEEN THE COMPANY AND AT&T."
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