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Technology Stocks : Lucent Technologies (LU)
LU 2.560+0.4%3:59 PM EST
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To: ct who wrote (1515)3/6/1998 11:49:00 AM
From: Bruce Jordan  Read Replies (1) of 21876
 
The record date only matters to people who hold the stock in their own name. Most everyone on this thread is trading through a broker, and leaving the shares in their account in "street name".

Say you bought shares on March 30 from somebody who had the certificates (with their name on them) in their safe deposit box, and they gave you the certificates. LU would issue the additional shares to the previous owner, because they were the holder of record on the record date. You would have to wait for the original owner of the shares you bought to receive the additional shares and then give them to you (assuming that you paid full price for the shares).

LU will issue the additional shares to all "shareholders of record" on record date. All of us using brokerage accounts don't care about record date because it doesn't affect us.

Bottom line, you can buy shares right up until the split and get all of the split shares.
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