Lucent Technologies (LU) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Lucent Technologies (LU)

LU 2.650

-2.9%

Nov 14 9:30 AM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Engineer who wrote (16514)	10/3/2000 11:10:21 AM
From: stock bull	Read Replies (1) of 21876

Hi Engineer & All, I found this posted on the LU Motley Fool thread. The Fool's page basically said the company will send us the formula. Note if you have the holding in a 401(k) or an IRA there will not be a tax problem and you can make an adjustment which you feel is representative of the transaction since you are using the tracker for reference only. What I did is as follows: Example based on 100 shares of LU bought at $38.00 which spun off 8 shares of AV (which I got added to my account @ $22.938 per share): Original cost of LU shares 100 x $38.00 = $ 3,800.00 Less 8 AV shares added to portfolio @ $22.938 = ($ 183.51) Total new cost basis for LU shares $ 3,616.49 This translates to a new price of $36.1649 per share for the LU shares. The new portfolio entries would be 100 shares of LU @ 36.1649 per share and 8 shares of AV at 22.938 per share. This method may be used temporarily as AV will let you know sometime in the future what the price will be for AV shares spun off from LU. You can revise your port at that time. In the meanwhile, you will have some starting point for both stocks. Hope this is helpful. The poster is "rbinck". I've used the above to figure out my LU cost basis and it seems to work fine. Stock Bull

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next