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

To: David Hansen who wrote (21633)10/17/2004 5:07:27 PM
From: stock bull  Read Replies (1) | Respond to of 21876
 
Within the past few weeks, Russo was on CNBC and was asked about a reverse split. She answered that the way to get the share price up was through performance. She didn't seem to favor a reverse split. But, having said this, I too am betting that there will be a split.

Your 1:10 split would still leave around 460 million shares outstanding. I think they will go for a larger split, possibility 1:20.

Let's see what they report and have to say on the conference call.

Stock Bull



To: David Hansen who wrote (21633)10/19/2004 3:12:18 PM
From: stock bull  Read Replies (1) | Respond to of 21876
 
I see that LU has so far traded over 62 million shares and is down around 10 - 11 cents. Sure appears that some institutions are selling off as we go into the earnings report before the market opens tomorrow.

I wonder what they known? Could it be that the split will be announced, or that the report will disappoint, or the guidance will be a disappointment?

Poor LU, just can't seem to get any respect.

Stock Bull


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