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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported) :
January 8, 1999
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Lucent Technologies Inc.
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(Exact name of registrant as specified in its charter)
Delaware
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(State or other jurisdiction of incorporation)
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1-11639 22-3408857
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(Commission File Number) (IRS Employer Identification No.)
600 Mountain Avenue, Murray Hill, New Jersey 07974
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(Address of principal executive offices) (Zip Code)
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(908) 582-8500
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(Registrant's Telephone Number)
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Item 5. Other Events.
Lucent Technologies Inc. announced on January 8, 1999 an accounting
change that will allow it to better represent pension and post-retirement
benefit expenses in its financial statements. The modification and update under
Statement of Financial Accounting Standards 87 will result in a one-time,
after-tax gain of $1.3 billion, or approximately 97 cents a share, in the
quarter ended December 31, 1998. This one-time gain reflects the cumulative
effect of this change for all periods from 1986 through fiscal year 1998.
Together, the modified accounting method and the adoption of new
retirement provisions are expected to result in additional net income of
approximately $170 million in fiscal 1999.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
LUCENT TECHNOLOGIES INC.
Date: January 8, 1999 By: /s/ James S. Lusk
Name: James S. Lusk
Title: Vice President and
Controller
