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

To: John Dunigan who wrote (21232)	4/29/2003 10:27:06 AM
From: Elroy	Read Replies (1) \| Respond to of 21876

ERICY is doing pretty well today despite its "reverse split" about a year ago. Frankly, I think companies like LU that are selling billions of dollars per year in equipment yet have a share price below $2 look a bit ridiculous (as far as the perception of the equity goes). If it makes sense for companies to split shares that hit $98 to keep the price per share reasonably low, it makes the exact same sense to reverse them when they hit less than $5 to keep the price reasonably high, in my opinion. I mean, what's the difference? Elroy