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Technology Stocks : Lucent Technologies (LU)
LU 2.660-1.5%Dec 12 9:30 AM EST
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To: Anonymous who wrote (20131)6/4/2002 6:17:00 PM
From: Anonymous  Read Replies (3) of 21876
 
What's happening to this stock shouldn't surprise anyone. I've seen quite a few articles saying this is what would happen after the spin.

And don't forget. LUCENT is a company with a great stigma to overcome. A GE or IBM it ain't. There are a lot of investors (big ones!, not little people) just playing with all this turmoil and making money. For all investors who stayed long on this stock....I say, be prepared to wait a very long time to recoup even just a small portion of what you lost while holding up the price of the stock so those with extra cash could play this poor dame in the past and so they can play with her in the future. Investors they ain't! Speculators and traders they are!

LUCENT spokesman Frank Briamonte said the drop was so widely anticipated that a special ticker symbol, "LU.wi," (the wi stands for "when issued") was created May 14 to track the value of LUCENT stock without Agere.

LU.wi traded for the last time on Friday, closing at $3.79 a share. On that basis, LUCENT stock lost just 4 percent, or 15 cents a share, on Monday.

Monday's positive performance for Agere stock was better than many analysts predicted. But now we've just been witness to what can happen on a Tuesday. It was also predicted that about 77 million Agere shares will be sold in coming weeks by index fund managers. LUCENT is a member of the Standard & Poor's 500 Index, but Agere isn't. That means that any Agere shares held in S&P 500 index funds must be sold when they are received.

You can take all this with the proverbial grain of salt. As we say on the Internet ... JMHO!
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