Lucent Technologies (LU) Message Board

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Technology Stocks : Lucent Technologies (LU)

LU 2.650

-2.9%

Nov 14 3:59 PM EST

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To: John Koligman who wrote (15883)	9/2/2000 6:11:08 PM
From: Anonymous	Read Replies (2) of 21876

"Lucent's shares, of course, have already been beaten down, from 82 in December to a recent 42, after a series of earnings disappointments. But don't be surprised if rising concern about loans to clients-already a sore point with investors-punishes the stock further." .........it was nice of Miss Doherty to make sure she mentioned the company by name early in the article......and to be nice enough to point out that the stock price could suffer. Almost works the same as negative campaign ads....which we'll be inundated with in the next two months.....she must be short. On FOX TV today (Neal Cavuto's show) they were talking about whether AT&T and LUCENT could possibly be establishing bottoms and whether they were good buys now. There was some agreement that maybe AT&T should be accumulated, however, nobody was really sure whether this was the right time to start taking on some LUCENT baggage. And surprisingly, nobody talked about LUCENTS spin-offs and what effect they were going to have on the stock price. One guy said that LUCENT certainly wasn't to be considered as a growth stock at this point. Like I've said many times in the past on this thread...I'm a retired LUCENT employee (retired from AT&T Microelectronics and was morphed into a LUCENT retiree and might find myself a MICRO person once again after LUCENT spins that portion out to become whatever they decide to call it) and most of my holdings of the stock are within my 401k. If the stock is moving it's the quickest way I can make a profit, and of course when it crashes I lose a lot like I recently did before getting out of it after the whack it took this past earnings period. Now I'm back in and having my doubts. Whenever the company does any spinning, those who are participating in the company 401k have to undergo a "blackout" period where we can't make any moves. We are locked in for specific periods and have to wait a couple of weeks before we can take any action. If I stay with what shares I have at the moment I'll be locked up from 4:00 PM September 27 until 8:30 AM October 13. I believe they'll then take the shares of Avaya that my holding represent (I guess trading in Avaya begins on Monday, October 2) and sell them and purchase LUCENT. The "law" of 401k's says that a company can't offer the shares of another company within its 401k other than those that make up mutual funds which it can offer. That's what they'll be doing with my ESOP plan and in that case I've been locked out since 4:00 PM August 31 and will stay locked out until the end of December (12/31/2000). I could have taken the stock before the end of August and rolled it over to a self directed IRA but I decided to gamble and wait out the Avaya spin to see what I get. Any comments?.....ANON

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