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

To: Gregory who wrote (13146)2/1/2000 1:33:00 PM
From: DownSouth  Respond to of 21876
 
LOL! Probably because it costs LU way too much money to maintain odd lot accounts. (These were direct purchases from LU, so a broker is not involved.)



To: Gregory who wrote (13146)2/1/2000 1:34:00 PM
From: Zoltan!  Respond to of 21876
 
Economy. It's expensive to send dividend checks and reports. Since LU is the most widely owned, it adds up.



To: Gregory who wrote (13146)2/1/2000 1:40:00 PM
From: GSD  Respond to of 21876
 
<why do they do that>

The expenses of producing and mailing shareholder information such as dividend checks, annual reports, etc. is an expensive process for LU. LU probably felt they could save $$ if they eliminated X number of shareholders from the total number.


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