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optigirl 12/4/2012 | 9:31:20 PM
re: Lucent Proposes Reverse Stock Split Think about it, these people are giving us a chance to short the stocks. Great way to make up for missing the first go around.....
layer3 12/4/2012 | 9:31:19 PM
re: Lucent Proposes Reverse Stock Split GÇ£Stock splits donGÇÖt mean anything really,GÇ¥ adds Leopold. GÇ£It doesnGÇÖt change any of the facts of the company. ItGÇÖs more of a psychological play.GÇ¥

Actually, reverse spilts do mean something- they mean your company's in deep shit.

GÇ£Generally, reverse stock splits are not a good sign on Wall Sreet,GÇ¥ says Steven D. Levy, an analyst with Lehman Brothers.

Wow. Mr. Levy should be qualified to replace Greenspan.

GÇ£However, if youGÇÖre going to do it, you should follow what Nortel and Lucent are doing. They are both getting very aggressive with their price targets.GÇ¥

Huh? If I do a 10:1 reverse split, I know I can get the stock up???

GÇ£The telecom industry is not going away,GÇ¥ says Leopold. GÇ£It will always need suppliers. And the ones that survive will be worth more than they are today when the sector recovers.GÇ¥

Yes, I agree. The survivors will indeed be worth more. Whether NT and LU will survive is a whole other issue...

L3
BenGrahamMan 12/4/2012 | 9:31:10 PM
re: Lucent Proposes Reverse Stock Split
http://www.rbcpa.com/companies...

excerpt...

>> Lucent announced the intention to do a reverse stock split today. This will be voted by shareholders at the annual meeting in February. Interesting thoughts on this one. One thought is that Lucent management owns very little of their own stock. Institutions are large shareholders of Lucent. They own close to 42 % of the company. Lucent was forced to put a plan into place in getting their share price over a dollar , as required by the NYSE. Ultimately , this is the reasoning behind the potential reverse split. A reverse split does not cause dilution. It is a non event from a long term valuation perspective. We find it important , that Lucent stay listed with a major stock exchange. Hence, like Palm , ATT and Nortel, Lucent plans on a reverse split. There are some interesting theories behind a reverse split for Lucent, some of which we may or may not discuss in the future. Much of it would be speculation, and to be honest at this point we see more positives than negatives of this reverse split. Lucent had no choice as they can not afford to be delisted. We are anticipating that the split will be in the range of 1 share in 30 or 1 share in 40. We come to that number by extrapolating Lucents' statement that they are looking for a share price in the $20 to $25 range.


Interesting to keep in mind that Lucent will have an options re-pricing towards the middle to end of November. A cynical investor might question if the stock price is being held down for that eventual re-pricing. We wrote about this re-pricing at this link.

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gigeguy 12/4/2012 | 9:31:10 PM
re: Lucent Proposes Reverse Stock Split Interesting story on LU this week that seems to have slipped under Light Reading's radar .....

http://biz.yahoo.com/rf/021017...
DarkWriting 12/4/2012 | 9:31:07 PM
re: Lucent Proposes Reverse Stock Split GÇ£It doesnGÇÖt change any of the facts of the company. ItGÇÖs more of a psychological play.GÇ¥

And Wall Street is based on reality??? LMFAO Here's a clue for this clown... This whole economy is a "psychological play"!!!

DW

P.S. Well said by L3 and the "short the stock" poster.
deepciscothroat 12/4/2012 | 9:31:04 PM
re: Lucent Proposes Reverse Stock Split Never happen
No f---ing way
Why buy what we can win
optical_is_dead 12/4/2012 | 9:31:02 PM
re: Lucent Proposes Reverse Stock Split Lightreading: PLEASE stop quoting Wall Street Analysts. They fundamentally have no place on this web site, unless you want to become a junior Wall St Journal or Barron's. Moreover, analysts do not add any value to your article and instead as useless banter. If I wanted that, I would read their useless notes. I come here for more informed opinions, so please stop diluting your content with analyst commentary.
AgentSmart 12/4/2012 | 9:31:02 PM
re: Lucent Proposes Reverse Stock Split While the stock price may temporarily bump up into the $15-20 range, Lucent will be battling today's telecom market gravity to keep the stock up around those levels. My bet is that it will decline again as Lucent's cash erodes.

My advice--keep an eye on the net cash of the company if you want to see who is going to be emerge from this market downturn.
BobbyMax 12/4/2012 | 9:31:00 PM
re: Lucent Proposes Reverse Stock Split Both Lucent and Nortel should be investigated by the US Government and the Canadian Government, respectively. Both Lucent and Nortel have failed in the market place because of certain reasons. These massive failures did not occur due to some act of god.

It is not clear if the US Government would do anything because of its pre-occupation with the war efforts.
next-gen-wisdom 12/4/2012 | 9:30:57 PM
re: Lucent Proposes Reverse Stock Split Remember the movie "Walk of the Living Dead"? Lucent and Nortel should be their protagonist.

There's no way this two survive. Carriers don't be fools ... the incumbent "champions" are no more champions, look for the rising stars. Look for Next-Gen Sonet, Next-Gen Switching and get benefit of this "new" vendors carnage.

Let LU and NT rest in peace.
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