Lucent Technologies (LU) Message Board

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Technology Stocks : Lucent Technologies (LU)

LU 2.500

-0.8%

Nov 28 9:30 AM EST

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To: Chuzzlewit who wrote (11239)	11/19/1999 11:21:00 PM
From: Bindusagar Reddy	Read Replies (1) of 21876

Chuzzle, I did not mean to be very critical of you. But, if you monetize your prior sales now by other means like securitizing and selling the A/R and get cash, it is as good as getting cash by selling as long as it is in US dollars. The problem comes when someone does creative reporting like fictitious customers and sales like Cendant. LU is not selling 5 dollar items. Big ticket items always involved financing by various leasing companies. When I buy a Lexus, Bank takes the lease and gives cash to the Company sometimes Lexus finances the vehicle. As long as they get cash, does it matter if I pay cash now or someone pays cash and I lease from them. WHat LU does is similar but at a bigger level. Thanks for your input. I am a very long term investor with 5-10 year horizon. Good luck BR

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