Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
1996 Lucent Stock Certificate (what's it worth?)
Old 06-23-2016, 12:28 PM   #1
Thinks s/he gets paid by the post
 
Join Date: Dec 2015
Posts: 1,086
1996 Lucent Stock Certificate (what's it worth?)

My 26 year old step-son's Dad passed away couple of years ago. Dad had some stuff put aside for him in a container. Step-mom refused to allow the young man access to what his father had left for him. His half-sister finally snuck it out the door.

Among the sentimental artifacts is a stock certificate, dated 1996, for 4(four) shares of Lucent.

How do we go about finding out what, if anything it's worth?

If it is worth something, how would the value be redeemed?

thanks
__________________

__________________
HadEnuff is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 06-23-2016, 12:38 PM   #2
Thinks s/he gets paid by the post
sengsational's Avatar
 
Join Date: Oct 2010
Posts: 3,828
Investor Relations North America:
Lucentir@alcatel-lucent.com
US Office: +1-908-582-6173
__________________

__________________
sengsational is offline   Reply With Quote
Old 06-23-2016, 12:52 PM   #3
Thinks s/he gets paid by the post
Sunset's Avatar
 
Join Date: Jul 2014
Location: Chicago
Posts: 4,719
Good news is according to internet, they never went bankrupt.

In theory you follow the stock from 1996 (maybe it split) so you follow the action to today (when it merged with Alcatel in 2006 would be a big stock effect).
Then in 2015 Nokia bought 79% of it.

Hopefully there is a web site you can input into and it will follow the trail, which you should verify.

Thing you would be looking for is the number of stock splits done.

Here is a site giving some split history:
Lucent Stock Basis

My quick following of the stock suggests you have 3.1 shares of Acatel-Lucent and currently its 3.46 Dollars per share, so not worth the trading fee.
Could sell it on Ebay as a collector item.

However I could be wrong, so check it out yourself.

(see post above ... our postings crossed, as it took time to look and follow).
__________________
Sunset is offline   Reply With Quote
Old 06-23-2016, 09:25 PM   #4
Recycles dryer sheets
cranberryjoe's Avatar
 
Join Date: May 2013
Location: Western US
Posts: 114
Since Lucent spun off a couple of companies (Avaya and Agere) the certificate also represents stock in those. Avaya went private and all shares were bought up by the private equity owners. Don't know how that works if you have a certificate that was not cashed in, but I suspect it was forfeited. Agere was subsequently bought by LSI, which was later bought by Avago, which then bought Broadcom and assumed the Broadcom name. I think there was another spin-off of part of Alcatel-Lucent too before Nokia acquired them. Wow, what a complex chain of events.

I used to own stock in Lucent and therefore some of these companies. I recall Agere made an offer to buy out anybody who had small share amounts without a transaction fee so I jumped on it (I had something like $5 of Agere shares). I dumped my final remaining Alcatel-Lucent shares at some point when I decided it was worth a ~$20 transaction fee to get those ~$50 in shares off my books. Life is so much simpler now after selling all my individual stocks.

I would suggest the ebay route, or perhaps the shredder or fireplace.
__________________
Grow older, not up
cranberryjoe is offline   Reply With Quote
Old 06-24-2016, 07:59 AM   #5
Thinks s/he gets paid by the post
 
Join Date: Dec 2015
Posts: 1,086
thanks, everyone.
__________________
HadEnuff is offline   Reply With Quote
Old 06-24-2016, 11:09 AM   #6
Recycles dryer sheets
ducky911's Avatar
 
Join Date: May 2010
Posts: 397
Make it into a dart board and sell it on ebay. Many (me included) lost a big time on Lucent.
__________________
You've got to ask yourself one question: Do I feel lucky? Well, do ya, punk?
I hate (despise) loads and fees
Retired July '11 investments 55/45 in very low cost index and mutual funds, balance once a year at best.
ducky911 is offline   Reply With Quote
Old 06-24-2016, 01:29 PM   #7
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: May 2005
Posts: 13,263
Quote:
Originally Posted by cranberryjoe View Post
Since Lucent spun off a couple of companies (Avaya and Agere) the certificate also represents stock in those. Avaya went private and all shares were bought up by the private equity owners. Don't know how that works if you have a certificate that was not cashed in, but I suspect it was forfeited. Agere was subsequently bought by LSI, which was later bought by Avago, which then bought Broadcom and assumed the Broadcom name. I think there was another spin-off of part of Alcatel-Lucent too before Nokia acquired them. Wow, what a complex chain of events.

I used to own stock in Lucent and therefore some of these companies. I recall Agere made an offer to buy out anybody who had small share amounts without a transaction fee so I jumped on it (I had something like $5 of Agere shares). I dumped my final remaining Alcatel-Lucent shares at some point when I decided it was worth a ~$20 transaction fee to get those ~$50 in shares off my books. Life is so much simpler now after selling all my individual stocks.

I would suggest the ebay route, or perhaps the shredder or fireplace.

Just an FYI, it can never be forfeited.... (in the sense you will never be paid).... they have to 'pay' for the shares even if not sent in... at some time the state will want that money and you can go collect from the state... probably without any transaction fees...
__________________
Texas Proud is offline   Reply With Quote
Old 06-24-2016, 05:33 PM   #8
Thinks s/he gets paid by the post
target2019's Avatar
 
Join Date: Dec 2008
Posts: 3,705
F-i-l just received $2.6765 per share for 132 shares of ALU. Did not go with Nokia conversion.
4 shares of original lucent are not worth much.

http://historicalstockinfo.com/lucent.html
__________________
target2019 is offline   Reply With Quote
Old 06-24-2016, 08:41 PM   #9
Thinks s/he gets paid by the post
 
Join Date: Dec 2014
Posts: 1,656
That share of LU is worth much less than it was in 1996 as others noted. I watched people put in all their retirement money and it dropped to 50 cents in the tech crash. I'm really surprised it was worth a couple bucks. There seem to be a few other Ex-Lucent employees on this board.

Frame the shares as a warning for investors who fall in love with their stocks.
__________________
bingybear is online now   Reply With Quote
Old 06-24-2016, 10:35 PM   #10
Full time employment: Posting here.
 
Join Date: Nov 2009
Posts: 510
My BIL worked for Western Electric-Lucent all of his career, until they went under. He continues to work (+70) because he ignored my warning to take their early retirement offer when they were in trouble. I told him at that time, that the next time they approached him, the retirement offer might not be so nice. He also had most all of his retirement funds in their stock.
__________________
fritz is offline   Reply With Quote
Old 06-25-2016, 07:23 AM   #11
Thinks s/he gets paid by the post
target2019's Avatar
 
Join Date: Dec 2008
Posts: 3,705
Here is a link to someone trying to sell a certificate.

Lucent Technologies Inc 1996 New York Old Stock Certificate Share | eBay

If I had an old certificate like this, I'd probably frame it and hang it in office as a reminder of how things can go...
__________________
target2019 is offline   Reply With Quote
Old 06-25-2016, 10:29 AM   #12
Full time employment: Posting here.
 
Join Date: Oct 2009
Posts: 942
The short answer is not much. Alcatel Lucent recently merged with Nokia so it no longer trades.


Sent from my iPad using Early Retirement Forum
__________________
LARS is offline   Reply With Quote
Old 06-30-2016, 12:26 PM   #13
Recycles dryer sheets
jetpack's Avatar
 
Join Date: Aug 2013
Posts: 317
Just because you have the certificate, doesn't mean you have the stock. The state probably took over the shares after the father's passing, or they could still be sitting there in the father's name.
__________________
jetpack is offline   Reply With Quote
Old 06-30-2016, 02:23 PM   #14
Thinks s/he gets paid by the post
 
Join Date: Dec 2015
Posts: 1,086
I did some follow up, and was referred to JP Morgan , as the "agent"...when I contacted them they said they couldn't give me any information, but gave me the contact information to give to my step-son. I told him not to get his hopes up. I don't know if he'll even follow through.

thanks again, everyone.
__________________
HadEnuff is offline   Reply With Quote
Old 06-30-2016, 04:05 PM   #15
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Apr 2013
Posts: 5,565
Quote:
Originally Posted by HadEnuff View Post
I did some follow up, and was referred to JP Morgan , as the "agent"...when I contacted them they said they couldn't give me any information, but gave me the contact information to give to my step-son. I told him not to get his hopes up. I don't know if he'll even follow through.

thanks again, everyone.
Good luck.

The "agent" is probably the transfer agent i.e. the system of record.

The transfer agent would be the one that has a record of the certs, each has an id number. The certs could have been replaced, reported stolen, became uncertifacated, or any number of other methods that I don't remember. Before you worry about splits and other acquisitions the only thing that matters is what the transfer agency has for records.
__________________
MRG is offline   Reply With Quote
Old 07-01-2016, 10:18 AM   #16
Full time employment: Posting here.
dtbach's Avatar
 
Join Date: Apr 2011
Location: Madison
Posts: 752
The good thing is, he only bought 4 shares. . . . .
__________________
Wild Bill shoulda taken more out of his IRA when he could have. . . .
dtbach is offline   Reply With Quote
Old 07-01-2016, 10:26 AM   #17
Thinks s/he gets paid by the post
powerplay's Avatar
 
Join Date: Oct 2008
Posts: 1,380
I also lost a good chunk of money on Lucent. Sold it in 2015 and will be carrying some of the loss over to next year. Sure wish I would have sold it long ago.
__________________

__________________
powerplay is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Weird at&t, bell south & lucent tax question Amethyst FIRE and Money 35 02-21-2012 05:19 AM
Won a tuition certificate cashbalancetrouble Other topics 13 10-03-2009 01:47 PM
Lucent Technologies Ripping Employees Off? bank5 Other topics 10 08-03-2009 04:42 PM
Certificate Of Deposit rate danno1 FIRE and Money 27 04-08-2008 04:45 PM
Zero-Percent Certificate of Indebtedness ??? Craig FIRE and Money 6 11-21-2005 05:43 PM

 

 
All times are GMT -6. The time now is 02:59 AM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.