[KeepingItReal]

Originally Posted by buzzy

It was leading up to the burst of the tech bubble. The stock price actually peaked around $57 a couple of times during 1999. By March 2003 it bottomed out at $5 and had a reverse 5 to one split. Today's charts do not show the reverse split.

I believe that "patient zero" was Lucent, which dropped 40% in a few months. It eventually went all the way from $82 to 2 bucks.

Lucent is not ATT.

Lucent is and was a totally different stock from ATT. When Lucent was divested from ATT everyone thought it was going to be the best place to be but it soon came crashing down. A lot of employees that chose to go with Lucent lost almost their entire retirement as it was all invested in Lucent stock because it was doing so great. Lucent merged or was bought by Alcatel around 2006.

Keep in mind the ORIGINAL AT&T owned Bell Labs, Western Electric, and all the Bell Operating Companies. After divestiture South Western Bell later came around and bought the old AT&T and then changed their name to AT&T since the name was so valuable. The new AT&T bought Cingular Wireless, others, and then BellSouth in 2007 which was the old South Central Bell and Southern Bell before divestiture which had joined back together to create BellSouth.

History of AT&T

https://www.youtube.com/watch?v=yvTki2nGkHs