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

To: Mark Palmberg who wrote (5839)	1/25/1999 4:57:00 PM
From: Mighty Mizzou	Respond to of 21876

Gosh, that'd be nice. I vote this comment to be THE understatement of the day. <vbg> Let it be Mark! IBM is rumored to announce a split tomorrow! The climate is right, LET IT BE!!! Thanks for the info. GO LU!!!!!!!!!

To: Mark Palmberg who wrote (5839)	1/25/1999 5:14:00 PM
From: L. Adam Latham	Read Replies (1) \| Respond to of 21876

Mark: I seem to recall someone in here posting that LU had enough shares already available for a 2-for-1 split before they sent out their proxy with the additional share vote on it. If this is the case, then I guess that would support the rumor of a 3-for-1 split. From the Proxy Statement: As of October 1, 1998, approximately 1.3 billion of the Company's 3 billion currently authorized Shares were issued and outstanding. Of the remaining authorized Shares, approximately 400 million were reserved for issuance in connection with the Company's stock-based compensation plans...The current number of authorized Common Shares that are not outstanding or reserved is not sufficient to enable the Company to complete another 2-fo-1 stock split. Definitely looks like they're preparing for a split, but no indication to me of a 3:1. My guess is that this positions them well for a forthcoming 2:1 split, followed by another 2:1 split sometime after that, without having to get approval again for more shares. Adam