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Strategies & Market Trends : Making Money is Main Objective

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To: BWAC who wrote (1040)	4/5/2001 12:53:21 AM
From: Softechie	of 2155

This Lucent does sound like Conseco last year but I'm getting a more serious sense here that tech guys don't know how to deal with financials. They were too aggressive and extended themselves with vendor financing and piled on bad debts. Lately they were trying to get Agere IPO out the door so they can collect that $3B to pay down the debts and still $2B short. I'm very sure they have to sell important assets like fiber optics division. Yes this does sound like Conseco last year. I agree management will have to be aggressively in public relation and calm the public down. However they do have $2B in debts to pay in May. So panic now is not uncommon. Once they can assure everyone that the financials are secure then they can go back to the regular business. For now I fear they're scrambling to get the other $2B by May. I wouldn't mind owning some Lucent at $3's or below. Remember Lucent still owns 1/3 of Agere. There are many hidden assets that we don't know. Just like Conseco. It's time for them to account for what they have and announce them to the public. Man what turnaround in 12 months. I feel bad for shareholders.

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