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Technology Stocks : Lucent Technologies (LU) -- Ignore unavailable to you. Want to Upgrade?

To: Bald Eagle who wrote (12884)	1/21/2000 11:56:00 AM
From: The Philosopher	Read Replies (1) \| Respond to of 21876

Well, it didn't take long -- the legal vulture are circling, as always. The greed and irresponsibility of some of my colleagues disgusts me. The following was released today by Kaplan, Kilsheimer & Fox LLP: Over the past three decades, Kaplan, Kilsheimer & Fox LLP (www.kkf-law.com) has actively participated in prosecuting investor class actions and actions involving financial fraud in which substantial recoveries were obtained. If you purchased or acquired any of these companies' securities during the periods indicated below, you should be aware that the law firm of Kaplan, Kilsheimer & Fox LLP has filed Class Action Complaints against Baker Hughes, Inc., Plains All American Pipeline, Lucent Technologies, Inc. and Tyco International, Inc. on behalf of investors. ... Lucent Technologies, Inc. (NYSE:LU - news): Class Period (10/27/99-01/06/00): The lawsuit alleges that during the Class Period, Lucent led the market to believe that its plan to restructure its operations into four divisions would produce consistently more profitable results. Based significantly on guidance provided by the Company, the price of Lucent stock continued to rise throughout the Class Period, reaching a high of over $84.00 per share on December 9, 1999. Then, on January 6, 2000, Lucent revealed that results for the first fiscal quarter of 2000 would fall materially below analysts' expectations. This revelation caused the price of Lucent common stock to fall to $52.19, a decline of 38% from its Class Period high.