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Technology Stocks : TLAB info? -- Ignore unavailable to you. Want to Upgrade?


To: growthvalue who wrote (3322)8/26/1998 8:56:00 AM
From: DMaA  Read Replies (1) | Respond to of 7342
 
I think the original point was that executives in both companies personally own a lot of shares in each other's company.



To: growthvalue who wrote (3322)8/26/1998 12:09:00 PM
From: Willie C.  Read Replies (1) | Respond to of 7342
 
I'll accept your statement on face value but whether or not AT&T owns Lucent stock was not the primary focus of my post. I was responding to JMD's post and although I did choose to post rhetorical questions they remain questions. Thanks for answering the first one. JMD appears to have a formal academic background in business and finance according to his profile. He was pondering the circumstances of recent events. Questions of ethics and lawsuits are of interest to me especially when I am invested in the companies mentioned.

From my perspective it would appear that what has transpired up to this point is what one should expect. I was hoping to get a response from JMD regarding both the plausibility of my view and the nature of the ethical quandary it would present these companies executives.

Thanks again for your information,

Willie C.



To: growthvalue who wrote (3322)8/27/1998 9:07:00 AM
From: professor  Read Replies (1) | Respond to of 7342
 
Yes, Lucent is technically independent but that's almost like saying that Bill Clinton didn't legally have "sex". Lucent has deep, deep ties with AT&T and it hasn't changed since the spinoff. Did you know that TLAB doesn't do any business with AT&T either? I've heard other companies are having great difficulty breaking into AT&T. It's not really surprising that CIEN still didn't get in. I think Wall Street was way more optimistic than the two companies were. My sources tell me that the Lucent people HATE, HATE, HATE Pat Nettles at Ciena. It has been characterized to me as a personal grudge and not a normal business relationship.

The class action lawsuit is normal and won't amount ot much. Frankly, I'm surprised we haven't seen a lawsuit against TLAB yet. I suggest we may see one against AT&T and Lucent shortly too. Lawyers will be looking for any angle on this one. Bottom line: the lawsuits will not enrich any of the classes except the lawyers.