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Technology Stocks : Lucent Technologies (LU)

LU 2.660

-1.8%

Jan 30 9:30 AM EST

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To: hdl who wrote (17840)	3/18/2001 2:41:11 PM
From: Andreas	Read Replies (2) of 21876

hdl; I don't know much about the spin-off. However, if the proceeds are used to reduce debt then the interest savings will hit the bottom line and the risk of a reduction in debt rating is reduced. I seriously doubt that any of the proceeds from the spin-off will be distributed to shareholders particularly with the debt level of lu these days. Therefore, any delay is a bad thing since it will delay debt reduction and a corresponding interest expense reduction. As for some silly post earlier about lu loosing $8/share after the spin-off I can only assume that that particular poster is about 10 years old.

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