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

To: Anonymous who wrote (21219)	3/28/2003 9:29:48 PM
From: EL KABONG!!!	Respond to of 21876

Hi Anonymous, Am I included in that settlement? Yes, if you were a shareholder during the period covered in the lawsuit (Oct. 26, 1999, and Dec. 21, 2000). and is the settlement taxable to the shareholders? I can't answer that question right now. I sold my Lucent (along with the Avaya and Agere spinoff stock) this past year, and will be claiming a large carry-forward loss on the stock. If I am partially compensated sometime later this year, common sense says that my compensation from the lawsuit should be deducted from the carry-forward loss. But, normally, lawsuit awards are tax exempt, meaning that a taxpayer doesn't report the award. So, like you, I'll have to get professional advice from my accountant on this issue. I haven't done my taxes yet, so I'll be seeing him in the next week or two. KJC