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Politics : Ask Michael Burke

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To: Knighty Tin who wrote (30848)	8/10/1998 3:03:00 PM
From: PaperChase	Read Replies (2) of 132070

MB. Can you think of any acquisition targets for Lucent this fall after their accounting regulations change to support acquisitions? I believe accounting rules in the past may have been irrelevant for any small acquisitions. So my guess is that LU will be focusing on large acquisitions going forward. In September, the telecom sector will see its final rally before it corrects. With ERICY and LU shopping, Wall Street will rally all the telecom shares in anticipation. I bought a $25/$30 long strangle expiring in November on ADCT which is large enough to be a LU acquisition target. However, other than ADCT's broadband products, LU would not be acquiring much technology it doesn't already have. I essentially bought the $25 put to protect my long equity position in ADCT in case of a market crash. P.S. I'm using your thirds' approach for buying the strangle even though I believe you do not use strangles as part of your options strategy.

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