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Lucent May Initiate Reverse Stock Split to Avoid NYSE De-listing

Murray Hill, New Jersey, Oct. 11 (Bloomberg) -- Lucent Technologies Inc. may initiate a reverse stock split to avoid being delisted from the New York Stock Exchange, the company's finance chief said.

``We are not going to be delisted,'' Lucent Chief Financial Officer Frank D'Amelio said in an interview.

Lucent shares fell 1 cent to 69 cents at 10:26 a.m. in New York Stock Exchange composite trading.