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To: AllansAlias who wrote (34183)	3/13/2002 4:13:48 PM
From: Shack	Respond to of 209892

I don't think the MM's can do much manipulation when $1 billion of a stock turns over in a day.

To: AllansAlias who wrote (34183)	3/13/2002 5:09:23 PM
From: yard_man	Read Replies (1) \| Respond to of 209892

anything to do with the convertible offering?? When does that get done? No way I'd buy that stock -- heck they already did one of those -- number two may mean it's curtains >>raise $1.5 billion in the convertible bond market is viewed by some investors and analysts as another sign that a recovery at the telecommunications equipment maker is going to take longer than expected. The Murray Hill, N.J. -based company Tuesday announced plans to sell cumulative convertible trust preferred securities and warned of lower-than-expected quarterly sales. It also said it doesn't expect to become profitable until 2003, which is later than it had expected. The convertible deal follows a $1.9 billion convertible issue in August, intended to help fund a massive restructuring. That offering met strong demand. The latest deal is a further move to strengthen Lucent's balance sheet, as the global telecommunications market remains depressed, people in the market said <<