LYCOS RETRIEVER 
Lucent: Training
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Lucent will exchange 12.88 million shares of its common stock for Kenan's total equity in a deal expected to close March 31. For the Ascend purchase, Lucent will convert each share of Ascend stock into 0.825 shares of its own stock.
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From 1995 to 1999 Lucent's revenues rose from $21.7 billion to $38.3 billion. After reporting a net loss in 1996 of $230,000, Lucent improved its profitability over the next three years with net incomes of $150,000 (1997), $340,000 (1998), and $1.52 million (1999).
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The Derivative Actions brought in the name of Lucent against certain officers and directors of Lucent. The settlement of this action affects current stockholders of Lucent. Additional information about this action may be obtained by contacting Richard D. Greenfield, Esq., Greenfield & Goodman, LLC, 24570 Deep Neck Road, Royal Oak, Maryland 21662 or emailing counsel at: whitehatrdg@earthlink.net, or at www.lucent.com/investor/sld.html.
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Lucent ... failed over a period of time to provide timely and full disclosure to the staff on a key issue concerning indemnification of employees. Failure to provide accurate and complete disclosure to the staff undermines the integrity of SEC investigations.
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"That could really make sense because Lucent runs Bell Labs, which contributes to the ministry of defense, so the U.S. needs to keep some control. Disagreement over how much is the main reason the merger fell through in 2001," he added....continued
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Lucent unveiled a plan to slash an added $2 billion a year from its oft-criticized cost structure and named a buyer for its fiber-optics unit, which has been on the block for months. A fiber-optics deal was widely expected to spring Lucent toward recovery by enabling other restructuring actions.
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