How Glowing Is Lucent's Future?

It has to face a slowing market--without AT&T's deep pockets

The breakup of AT&T isn't going to be a quiet one. On Mar. 12, the company announced its first concrete step toward separating into three parts: The largest initial public offering in U.S. history. In early April, AT&T will offer 111 million shares of Lucent Technologies Inc., its equipment business, at $22 to $25 each.

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