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Technology Stocks : Lucent Technologies (LU)
LU 2.615+0.2%12:37 PM EST

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To: sylvester80 who wrote (20162)5/30/2002 3:12:44 PM
From: sylvester80  Read Replies (1) of 21876
 
Just a note that LU is trading at a 3% discount of LU_w. LU_w is trading at $4 even though the Agere 0.275 premium is (3.45x.0275=$0.95). That means that if the distribution was to take place today, buying LU (instead of LU_w gets you LU at $4.95 tomorrow even though LU right now is at $4.80. That's because on Monday LU_w becomes LU. So in others words, LU is trading at a 3% discount at this moment based on current prices of LU, LU_w and AGRa.

FWIW.
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