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Technology Stocks : Lucent Technologies (LU)

LU 2.625

+2.9%

Dec 5 9:30 AM EST

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To: sylvester80 who wrote (20732)	8/29/2002 10:24:07 AM
From: sylvester80	of 21876

DJ Lucent CFO D'Amelio Bought 50,000 Shares Friday datekdj.newsalert.com 08/28/2002 Dow Jones News Services (Copyright © 2002 Dow Jones & Company, Inc.) WASHINGTON (Dow Jones)--Lucent Technologies Inc. (LU) Executive Vice President and Chief Financial Officer Frank A. D'Amelio purchased 50,000 shares of the company's common stock Friday, according to a Form 4 released Wednesday by the Securities and Exchange Commission. D'Amelio bought the shares for $1.55 each. As of the date of the filing, he directly owned 416,791 common shares and indirectly owned 160.91 shares through his 401(k) plan. On Monday, Lucent's chief executive and its chairman reported purchases totaling 1.35 million shares on Aug. 16. The Wall Street Journal reported Friday that Lucent may cut another 10% of its work force, citing a person familiar with the company's planning. Lucent employs about 50,000 people, down from a peak of about 155,000 in 2000. Shares of Lucent recently traded at $1.69, down 20 cents. -Ben Siegel; Dow Jones Newswires; 202-628-7689 (END) DOW JONES NEWS 08-28-02 04:13 PM

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