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

To: EL KABONG!!! who wrote (21185)	2/28/2003 8:08:08 PM
From: verdad	Read Replies (1) \| Respond to of 21876

Your statements seem to indicate that $15 per share is a given...it's probably not. In fact (I hope i'm wrong), but it will probably be tough to prop up the stock over $5, true?

To: EL KABONG!!! who wrote (21185)	3/2/2003 9:37:39 PM
From: DiB	Respond to of 21876

>It's the staggering debt load... And reducing the debt by a billion here and a billion there,... IMO reducing the debt by appr 20% is a good thing. It's not like LU has tens of billions of dollars in debt... With positive cash flow from operations and "timely" dilution LU can actually be debt free in 3-5 years. By then the whole new class of LU shareholders will emerge.

To: EL KABONG!!! who wrote (21185)	3/3/2003 11:18:14 AM
From: GVTucker	Respond to of 21876

Kerry, RE: So they do the reverse split, right? Bring the price up to somewhere near or about $15? Now what happens? If I'm one of the entities receiving equity to replace my debt, you can darn well bet I'm going to immediately short those newly minted shares, because if I don't, I'm taking on higher risk than I had with the debt. At least with a short, I've locked in a known profit/loss before any damage can happen to my "newly found" capital. First of all, the number of small investors making up total short interest of just about any stock is so small that it can be ignored. Secondly, almost all of that convertible issue is owned by arb hedge funds, who long ago shorted the requisite shares related to the convert.