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

To: Georgeb who wrote (15403)	7/17/2000 7:52:49 PM
From: Anonymous	Read Replies (1) \| Respond to of 21876

I jumped back in today. Not quite the position I had on Friday before I got out but I've added back about 1,700 of the 2,500 shares I dumped on Friday. I decided not to buy back the 2,500. My 401K is roughly 75% LUCY at the moment. Now I'll sit and watch what happens. I already have a ROTH IRA (converted over from a regular IRA and am spreading out the taxes over four years which is making things a little testy). Just got a letter today from LUCENT that they'll be doing away with my ESOP. The main reason they give is because changes in federal tax law have not allowed the company to make any contributions to the plan in quite a few years. That means I'll have to convert that to either cash, take the stock, or roll it over to an IRA. I'll probably do the last. I have to think things over. If I don't do it by the end of August then I'll have to sit through a "quiet or blackout" period until after December...because of the spin-off of Avaya. I don't think I want to sit out that period so I'll be making a decision in the next couple of weeks. They said that they anticipate that the termination process will be completed in the second quarter of 2001. All active and former employees as well as retired employees who are members of the plan now will then have made a decision and the plan would be terminated. If I roll the stock over into a self directed IRA before the end of August I wont be subject to the "blackout" and can do with the stock whatever I want during that period.