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Technology Stocks : Lucent Technologies (LU)

LU 2.975

-4.6%

3:59 PM EST

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To: David Hansen who wrote (21784)	9/15/2005 11:16:36 AM
From: Anonymous	Read Replies (1) of 21876

I'm not enough of a researcher to have a technical discussion concerning LUCENT. I'm a retired Lucent employee, actually I started out working for Western Electric which was morphed into AT&T Microelectronics after 1984. I retired after 35 years and later the part of the company I worked for was spun off as LUCENT. Later the part of LUCENT that I was associated with was spun off into AGERE. For retirement purposes I'm considered a LUCENT retiree. I'm holding approximately 3,525 shares of LUCENT in my 401K and I'm probably going to sell off (actually convert and transfer what the shares are worth a few days before the next earnings announcement ... which is coming up on Oct 18) to what is called a Stable Value Fund within my 401K. Hopefully the stock will move up some in the days before earnings are to be announced. I will then convert my 401K to a Rollover IRA and move everything from Fidelity where it is now to Vanguard where my wife and I have other IRAs (both regular and Roth). The reason I'm doing this is because I'm currently 70 years old and will be 70 1/2 in February of next year. That's when I have to start taking out money. And I want to start the process of converting to a rollover IRA and moving from Fidelity to Vanguard early enough so that I'll be through with Fidelity before December 31 of this year. My wife converted her 403B to a Rollover IRA at Fidelity back in March and a few months later she started the process of moving it to Vanguard. Since she was already in Vanguard's Primecap Fund (a closed fund) she was eligible to put her money in her existing account, however, there was a little glitch and the darn process took five weeks before it was finalized. For income tax purposes I want everything converted to IRAs so the process of making withdrawals will be the same and the tables will be the same, etc., etc. My wife and I are both the same age. If something happens to me I want my wife to only have to deal with one financial institution.

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