Lucent Technologies (LU) Message Board

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Technology Stocks : Lucent Technologies (LU)

LU 2.820

0.0%

Nov 7 9:30 AM EST

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To: Chuzzlewit who wrote (11195)	11/19/1999 11:10:00 AM
From: Mr.Fun	Read Replies (1) of 21876

Chuzz, LU stated in their release and on their cc that operating cashflow was $1.1B for the quarter - nearly double your estimate of $676. I think your depreciation number is way too low - it was $550M a quarter ago and has been trending upward faster than sales - this would explain a decent slug of the difference. The rest is probably non-cash elements of the merger costs. The most interesting number is the sharp increase in other current assets - about $600m is a note receivable from post-due Saudi Arabian orders which were converted to a market rate financing contract. This is expected to be syndicated next quarter, and should result in a corresponding increase in cash.

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