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Technology Stocks : Lucent Technologies (LU)

LU 2.430

-5.1%

Nov 19 3:59 PM EST

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To: Terror who wrote (5435)	1/10/1999 8:35:00 PM
From: Jerry Miller	Read Replies (1) of 21876

this is from tonight's edition of the RightLine Split Report: Lucent Technologies (LU) - Before the opening bell on Friday, LU announced a change in accounting methods to pension and post-retirement benefit expenses which will result in a one-time, after-tax gain of $1.3 billion, or approximately $0.97 a share in fiscal Q1 earnings. LU also stated that these accounting changes will lead to an additional $170 million in net income for fiscal 1999. Following the news, LU gapped 1.94 points reaching a new intraday high of 120 in early trading, but slowly sold off throughout the day, closing down 1.25 to 115.25. LU is scheduled to report their Q1 earnings on Jan. 20th. In addition, LU will be having their annual shareholders meeting on Feb.17, and on the agenda is a vote to increase the number of authorized shares, making room for a possible stock split. Although they may announce a stock split with earnings, LU has historically announced their stock splits at their annual shareholder meeting, making Feb.17th as our target day for a LU 2-for-1 stock split. Optionable. copyrighted.

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