Lucent Technologies (LU) Message Board

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Technology Stocks : Lucent Technologies (LU)

LU 2.650

-2.9%

Nov 14 9:30 AM EST

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To: Chuzzlewit who wrote (11852)	12/22/1999 1:46:00 PM
From: Mr.Fun	Read Replies (3) of 21876

Chuzz, Wow, I am a little miffed at LU management. I was told explicitly that the receivables that were restructured as a finance contract remained on the balance sheet as a note receivable in other current assets. This excerpt completely contradicts that statement. In the grand scheme of things, I am not really distressed about LU's balance sheet issues (in fact NT's are far worse) rather that a company representative would say one thing to a major investor and then report something else in a government filing. While I am personally disappointed, I still believe that the state of the business is extremely strong and that sales and earnings will be to the high side of estimates.

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