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Technology Stocks : Luminent, Inc. (LMNE) -- Ignore unavailable to you. Want to Upgrade?

To: signist who wrote (8)	7/30/2000 4:39:23 PM
From: Peter.Messersmith	Read Replies (1) \| Respond to of 82

I think we can extrapolate from the s-1. It is a $200M offering and although the filing doesn't specify, I think it would be fair to assume that this will be 10% of LUMN. That would make LUMN a $2B company prior to trading. Let's assume that LUMN prices at 20 (to make the math easy and because it probably will price between 15 and 30). This means that LUMN will sell 10M shares to the public and will have 100M shares outstanding. MRVC has 57.3M shares outstanding and will distribute the 90M LUMN shares to MRVC holders in about a year. 90M/57.3M = 1.5 (roughly) So I speculate that MRVC holders to get 1.5 shares of LUMN per share of MRVC.