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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) :
July 20, 2000
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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)
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)
(908) 582-8500
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(Registrant's Telephone Number)
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Item 5. Other Events.
On July 20, 2000, Lucent Technologies Inc. ("Lucent") announced plans
to spin off its microelectronics business, which includes the optoelectronics
components and integrated circuits (IC) divisions, in a separate, new company to
be named later. An Initial Public Offering (IPO) is planned for up to 20 percent
of the new company in the first calendar quarter of 2001, with the remaining
shares of the new company expected to be spun off in a tax-free distribution by
the summer of 2001 (the "Transaction").
The new company will include Lucent's microelectronics business which
makes silicon chips and optoelectronic components, such as lasers, that are the
building blocks for communications systems ranging from wireless phones and
modems to Internet equipment and optical networking systems.
Lucent intends to seek a ruling from the Internal Revenue Service with
respect to the tax-free treatment of the Transaction. The Transaction is subject
to certain conditions, including obtaining a favorable tax ruling.
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SIGNATURE
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: July 20, 2000 By: /s/ James S. Lusk
Name: James S. Lusk
Title: Senior Vice President and
Controller
