2/28 16:27 Lucent Says 74% of Stock Options Now Are Worth By Erik Schatzker Murray Hill, New Jersey, Dec. 28 (Bloomberg) -- Lucent Technologies Inc. shareholders weren't the only people stung by an 81 percent drop in shares of the world's No. 1 maker of phone equipment this year Employees were, too Lucent disclosed in a regulatory filing that at least 74 percent of all stock options as of Sept. 30 are exercisable now at prices higher than its shares, or ``underwater.'' That means Lucent employees who received them as compensation have worthless options as of today. A year ago, only 6 percent of Lucent's options were underwater after its shares reached a record $79.16 on Dec. 20, 1999.

-- kevin (ktross@mailcity.com), December 28, 2000

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-- kevin (ktross@mailcity.com), December 28, 2000.