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

To: t36 who wrote (5681)	1/21/1999 10:24:00 AM
From: Calvin	Read Replies (3) \| Respond to of 21876

Pardon my ignorance but did I miss something? I thought that $1.05 was great. What's going on?

To: t36 who wrote (5681)	1/22/1999 2:10:00 AM
From: David C. Burns	Respond to of 21876

who said no split?? i thought the board was asking for more shares to have a split. Not exactly... lucent.com <snip> ... The current number of authorized Common Shares that are not outstanding or reserved is not sufficient to enable the Company to complete another 2-for-1 stock split. Although we cannot guarantee that Lucent's stock price will continue to rise or that the Board would declare a stock split at any specific price or at all, the Board believes that the increase in the number of authorized Shares will provide the Company with the flexibility necessary to maintain a reasonable stock price through future stock splits effected in the form of a stock dividend) without the expense of a special Shareowner meeting or having to wait until the next annual meeting. Since the Spin-Off, Lucent has acquired a number of companies as part of implementing its strategy to broaden its portfolio of product offerings, to augment its technological capabilities and to expand its geographic markets and distribution channels. The Company has stated that, as part of its strategy, it may acquire additional companies for these and other business reasons. From time to time, we pay for acquisitions with Lucent Shares. The Board believes that the proposed increase in the number of authorized Shares is desirable to maintain the Company's flexibility in choosing how to pay for acquisitions and other corporate actions such as equity offerings to raise capital and adoption of additional benefit plans. The Board will determine the terms of any such issuance of additional Shares. ... <snip>