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

To: Kevin Clarke who wrote (5279)	12/22/1998 7:29:00 PM
From: RangeRover	Read Replies (1) \| Respond to of 21876

Anybody see this...... ----------------------------------------------------------------------LUCENT SEEKS MORE SHARES FOR SPLITS,ACQUISITIONS (Update 1) ---------------------------------------------------------------------- Murray Hill, New Jersey (Bloomberg) --Lucent Technologies Inc., the world's largest phone equipment maker, is seeking to double its number of authorized shares outstanding to 6 billion, to give it more flexibility for stock splits or acquisitions. In its proxy filing with the U.S. Securities and Exchange Commission for an annual shareholder meeting in February, the company said it can't do a split on the 3 billion shares its authorized to issue now, of which 1.3 billion are outstanding. Lucent shares fell 1 5/8 to 102 1/4. The proxy was filed after the close of trading on the New York Stock Exchange. ----------------------------------------------------------------------