Lucent Technologies (LU) Message Board

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Technology Stocks : Lucent Technologies (LU)

LU 2.660

-0.7%

3:55 PM EST

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To: Clay Takaya who wrote (15328)	7/8/2000 10:51:17 AM
From: Georgeb	Read Replies (1) of 21876

Clay, That would be bad news for the spinoff. I think that the remaining LU reports pro-forma earnings (excluding spinoff)this coming quarter, so it should not affect LU earnings directly. Where it might cause a problem is in the spinoff's "set" stock price. It will be set sometime in early September, and if the bad impact to switch earnings occurs after that, then we all loss value in the stock that will be given to each current LU holder. If the bad news appears in this coming (July 17th) report, then the stock price for the spinoff will be set lower, meaning we get more of that stock. Does that sound right? George

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