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

To: Georgeb who wrote (15769)	8/14/2000 1:46:38 PM
From: KevRupert	Read Replies (1) \| Respond to of 21876

Thread Longs, My understanding: 1) The Avaya spinoff will be completed by 9/30/2000. (The reason for the Avaya spinoff, and the reason for no Avaya IPO is that Avaya is the slow growth division of the current Lucent company -- which should allow the new Lucent to have a higher multiple going forward, due to the elimination of the slow growth Avaya.) Interest in an IPO of Avaya would be unattractive to many -- according to reports that I have read. 2) The microelectronic unit IPO will occur by 3/30/2001, and the spinoff (remaining shares) to the Lucent shareholders will occur within 6 months of the IPO date. I'm not sure if a tax free spinoff ruling (typically a formality), regarding the microelectronic unit, is required by the IRS, prior to spinoff -- is anyone aware if this issue was discussed by current Lucent management? (I listened to both conference calls, and can't remember if they spoke about the need for a tax free ruling.) 3) I've searched vcall.com, and lucent.com - and can't find a way to re-listen to the conference calls. Does anybody know of a site that has the conference calls still available? Is my understanding correct? Thanks for any info. Have a great day. ad