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

To: The Phoenix who wrote (3583)	8/10/1998 6:25:00 PM
From: Grant	Read Replies (2) \| Respond to of 21876

Like daytrading Lu, came upon this rule from suretrade investor home page. Can anyone tell me how this applies to trading LU ? Below is the NYSE Rule 431 in regards to Day Trading. While this does not make that much sense to the average investor, we will explain in plain english below what this means.... NYSE Rule 431 (the 90-day restriction rule) A "day-trader" is any customer who purchases and sells (or sells and purchases) the same security on the same day, regardless of their opening or closing position. If a client is "day-trading" in a cash account, this falls under the "90-Day Restriction Rule". According to Rule 431, "no member organization shall permit a customer to make a practice, directly or indirectly, of effecting transactions in a cash account where the cost of securities purchased is met by the sale of the same securities". If a client sells securities in his or her cash account prior to having paid for them, no additional purchases may be made in that account for a period of 90 days following the sale, unless full payment is received before the order is executed. What that means..... In a cash account an investor can only use his funds once during the day. An investor cannot use the same funds to purchase and sell one security, and then purchase another security. For example, suppose an investor started the day with $10,000 in available funds. He/She could buy $10,000 of security A. However, if the investor sells security A later on the same day, the proceeds from the sale (for example, $10,000) would not be available for the investor to invest in until the next day. In a margin account an investor that starts with $10,000 in buying power can purchase security A for $10,000, sell it and use the proceeds from the sale to buy security B. The investor can then sell security B and use the proceeds to buy security C. The investor can do this indefinitely as long as he/she places the trades in the margin account and invests in different securities each time. SURETRADE Home \| Investor's Home \| Site Map \| Contact Us

To: The Phoenix who wrote (3583)	8/11/1998 7:19:00 PM
From: Ridi J	Read Replies (3) \| Respond to of 21876

<< Difference is LU is sueing every company on the face of the planet...CSCO is not.>> From what I've read, LU (formerly Bell labs) holds the patent from back in the 1970s to the concept of converting analog voices into digital signals. Isn't this what "every company" is doing? Shouldn't they all be paying a license fee? If anyone knowingly lets ONE person use their patents without reminding them who owns it, they could legally forfeit ALL rights in perpetuity to those patents. Of course, CSCO is only suing companies that are infringing on their patents. I'm not a big rah-rah LU guy, but I am a huge advocate of protecting and rewarding innovation. It's interesting that recently in "The Revenge of the Nerds" computer tv spot on PBS it's mentioned that it takes 30 years for technology to mature in the marketplace. They were referring to Bill Gates, but Bell Labs seems to fit right in, too.