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To: Ramsey Su who wrote (8640)	2/18/1998 7:21:00 PM
From: John Cuthbertson	Respond to of 152472

"How ATT let loose of this bunch will go down in history along the same league as IBM giving the PC-OS market to Billy's MS-DOS." Ramsey, Bell Labs is indeed an awe-inspiring entity, but actually AT&T's management did a good thing in spinning off Lucent. Remember, LU was spun out to AT&T's shareholders, and the market has subsequently awarded Lucent's stock a multiple on earnings that is mucho mas alto than AT&T had. Thus, AT&T management did well by their shareholders with the spin-off, at least the ones smart enough to hold onto the Lucent shares. ==John