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Technology Stocks : Lucent Technologies (LU)
LU 2.770-1.8%1:56 PM EST
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To: stock bull who wrote (21714)3/21/2005 5:15:11 PM
From: David Hansen  Read Replies (2) of 21876
 
Enough with the reverse split... It is a neutral event. You can point to all kinds of historical data and show that when companies were performing reverse splits there were all kinds of negative consequences... This has nothing to do with the split itself but with all the corollary events that drives a company to a point where the split is necessary.

I think with Lucent those events are at this point well understood and well in the past. A reverse split is really of no consequence unless you are a very small shareholder (there are millions of them) who will have their shares liquidated...

Whether or not the trigger get's pulled here (I think it is likely) should have no impact on anyone's decision to enter or exit this stock. I agree we have an excellent entry point and have been pulled down in recent days by the Nortel results. Nortel and Lucent are becoming much more different companies than at any time in the past. NT is becoming more enterprise centric, which is a very more competitive field than large to medium telcos/ISPs/clecs that Lucent focuses in on... Margins are where they need to be, new products are selling (optical, softswitches) and circuit-switching decline has eased. If Lucent continues to show real earnings growth that is no longer relying upon pension credits, we've got an incredible winner here. Already in CDMA and UMTS Lucent is kicking butt. We just need to see the rest of the INS product lineup doing the same.
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