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Technology Stocks : Lucent Technologies (LU)
LU 2.620+2.5%11:14 AM EST
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To: John Soileau who wrote (18053)4/16/2001 9:55:44 PM
From: Softechie  Read Replies (1) of 21876
 
Lucent has washed its hands over Winstar. WCII is deadmeat.

Winstar Comms (WCII) 0.35 +0.08: Company says that it did not make interest payments of $75 mln that were due on debt securities today, and that Lucent (LU) has declared a default under the terms of Winstar's facility with Lucent. Winstar says that it has retained The Blackstone Group to advise it on restructuring its debt, and is also considering a Chapter 11 filing.
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