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Technology Stocks : Lucent Technologies (LU)
LU 2.650+0.4%Dec 26 9:30 AM EST
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To: Elroy who wrote (18520)8/1/2001 2:53:43 PM
From: Softechie  Read Replies (1) of 21876
 
Aug 1 2001
2:45 PM In Play Lucent Tech (LU) 6.17 -0.53 (-7.9%): -- Update -- CNBC reporting that company is raising the size of its proposed convertible preferred stock offering to $1.75 bln from $1 bln (see 14:05 comment).
Aug 1 2001
2:05 PM In Play Lucent Tech (LU) 6.25 -0.45 (-6.7%): -- Update -- Talk that LU could double the size of its convertible offering to $2 bln. No confirmation of such plans at this time... Hearing mixed reactions to rumor; some considering it a potential positive, as it would go further toward alleviating company's funding issues; others negative on the dilutive effect and arbitrage pressure.
Aug 1 2001
6:44 AM In Play Lucent Tech (LU) 6.70: After the close, company announced plans to issue up to $1 billion in convertible preferred stock. The news pushed LU shares 6% lower in extended hours trading.
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