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

To: Susan Saline who wrote (16806)10/17/2000 8:06:27 AM
From: hdl  Respond to of 21876
 
yes. competitors of lu will do businesss with spunoff unit helping all concerned and especially lu shareholders



To: Susan Saline who wrote (16806)10/17/2000 10:05:44 AM
From: Georgeb  Respond to of 21876
 
Sue,

First there is an IPO of 20% of Micro by the end of March. Then later(in summer)the 80% remaining is given to the shareholders as a tax free dividend).

They hav not announced how many shares. That will depend on LUs stock price in March.

I find it incredible that this value is totally hidden in LUs current stock price. If Micro is worth $25 a share, then it is like getting the biggest telecom manufacturer in the world for free.


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