Lucent surges on spinoff plans

Lucent Technologies surged 18 percent Wednesday after it announced plans to spin off its PBX, SYSTIMAX structured cabling and LAN-based data businesses to form a new company in the hot area of enterprise networking.

Shares in Lucent were up 10 7/16 to 69 15/16. The company's stock has cooled down since it reported first quarter earnings in line a profit warning. Full story. -- Larry Dignan, ZDNet Inter@ctive Investor