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

To: DiB who wrote (20488)	7/12/2002 2:14:57 PM
From: sylvester80	Read Replies (1) \| Respond to of 21876

I heard the same rumor. But I don't think that's a big driver of this move. IMO, I think it is the 367 million short shares from the arbitrage positions of those convertibles from much higher prices. I think those people have made a killing and so are taking some profits to go along with their yield. Unfortunately I think they will have to soon re-short those shares for their arbitrage position. But I hope they don't do it till $6 or higher. <g> JMHO.

To: DiB who wrote (20488)	7/13/2002 7:42:49 AM
From: John Soileau	Read Replies (1) \| Respond to of 21876

Baffling, baffling strength. Usually a weak sister on down days, LU has ignored a declining market and charged ahead like a bull moose. I haven't hear any merger or buyout rumors (except here), but posted a while back that I thought GE/LU would be a beautiful combo. Here's the argument: all the other parts of GE could exploit Bell Labs and the patent collection (something LU mgmt hasn't done effectively in the past); GE would get an instant major-player telcom distribution channel and competitive position; streamlining mgmt and RIFs of redundant operations would essentially guarantee that the new GE telcom division would have positive cash flow; and who knows what a merger/buyout price would be, but LU's stock has got to look juicy to a predator these days, and IMO anything under 4 would be a steal. I'd love a GE marriage proposal; a bidding war would be even more fun (dreaming here). Maybe the strength is from a pending major contract to be announced (weren't there rumors of this weeks ago?), or better operating news to be revealed at the cc. I don't have a clue, but my gut says there must be a reason LU has been levitating on down days. That's just not her natural tendency. John