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


To: Anonymous who wrote (21134)1/14/2003 10:57:01 PM
From: Paul Kelly  Read Replies (1) | Respond to of 21876
 
Reverse Split: Vote no. Earn a price increase little lu and have something to be proud of for a change.

Howdy



To: Anonymous who wrote (21134)1/15/2003 12:38:41 PM
From: David Hansen  Respond to of 21876
 
There would probably be a minor expense savings if those shareholders owning less than 40 or so shares are paid off if a split of > 1 for 40 is done... Will this be a large impact on expenses... No! There shouldn't be any reason that LU should be negatively impacted by the reverse but since when does the market follow any kind of reason? So, knowing the emotional upside of this stock looks better to those with lots of shares... why would a stockholder not vote no to a reverse? I agree with ANON... The problem with this question is that it it makes the long outlook seem much longer... The only way to justify this is the possibility of LU seeing < $1 again... No long likes that.



To: Anonymous who wrote (21134)1/15/2003 1:55:59 PM
From: Anonymous  Read Replies (1) | Respond to of 21876
 
Lucent's 30 day moving closing trading average dropped below $1.00 on 10/17/02 and stayed below $1.00 for 24 trading days. It's actual closing low of $0.58 was reached on 10/11/02, six days before the 30 day moving average value went below a dollar. After 10/11/02, the stock has been steadily climbing in closing price and the 30 day moving closing average moved back above $1.00 on 11/20/02. It has steadily climbed the last 37 trading days to equal a 30 day average of $1.51 as of yesterday.

If the company felt that the stock price could maintain enough strength to stay at a 30 day moving closing average from now on, then there is no need to do a reverse split.

Reverse splits eventually almost always get watered down as time moves along after the split and not only do you wind up with less #'s of shares but you wind up with less total value as well.

Was all of the above confusing? ;-0