Lucent Technologies (LU) Message Board

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Technology Stocks : Lucent Technologies (LU)

LU 2.500

-0.8%

Nov 28 9:30 AM EST

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To: verdad who wrote (21186)	2/28/2003 9:00:18 PM
From: EL KABONG!!!	Read Replies (1) of 21876

verdad, I used the $15 price tag only because that is the price that was attributed to a Lucent spokesperson who said that that was the desired result of their reverse split. It was an "in the neighborhood of" type of thing, not an exact price. Propping up the price at over $5 will indeed be tough, in my opinion. It (the price) won't drop that low overnight, so there should be plenty of time for some good news which might help. But my opinion is that the stock eventually drops, and my opinion is based as much upon the poor outlook for the sector in general as it is upon any factors specific to Lucent. I just don't see any turnarounds any time soon, say within the next year or two... KJC

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