Lucent News

Rule Breaker Foolish Four Transaction Stats

On February 23, 1999, the Rule Breaker made its annual Foolish Four switch, selling the previous Fool Four stocks that are no longer on the list, and buying the new qualifiers. The Port sold AT&T (NYSE: T), Exxon (NYSE: XON), International Paper (NYSE: IP), and Lucent Technologies (NYSE: LU). It bought Caterpillar (NYSE: CAT), Chevron (NYSE: CHV), Goodyear Tire (NYSE: GT), and some additional DuPont (NYSE: DD) in order to balance the holding. The trade stats follow. Fool on!

                                Tot. Dollar Amt.
Action  Ticker  Price   Shares  (incl.$8 commission)
Sold    XON     $68.50  200     $13,692.00
Sold    IP       43.13  270      11,635.75
Sold    LU      108.18   84       9,079.75
Sold    T        86.56  130      11,245.12
Bought  CHV     $79.13  180     $14,250.50
Bought  CAT      46.94  300      14,089.25
Bought  DD       53.97   45       2,435.18 (bought to balance)
Bought  GT       48.69  290      14,127.37

LUCENT TECHNOLOGIES (NYSE: LU) was spun-off from AT&T (NYSE: T) on October 1, 1996. AT&T shareholders received 0.324084 shares of Lucent for each share of AT&T owned -- in the Fool's case, this resulted in a distribution of 42.131 shares of Lucent. The 0.131 fraction will be sold by the Bank of New York, as part of the reorganization.

After performing a number of calculations, we've determined that the Fool's cost basis on these shares is $1999.88, or $47.62 per share. For more details on the spinoff or figuring your cost basis, check out the FoolWires in the listbox below.

07/23/98 - Lucent Q3
04/23/98 - Lucent Q2
02/06/97 - The Final Word in the AT&T Spin-Offs
10/07/96 - AT&T/Lucent Spinoff Explained
10/01/96 - AT&T Spins Off Lucent