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Technology Stocks : Nortel Networks (NT)
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To: Kevin Rose who wrote (11698)9/2/2001 4:01:10 AM
From: Elroy  Read Replies (1) of 14638
 
But LU has much graver immediate cash and debt problems:

thestreet.com;

Your source is a bit out of date. LU has raised about $2 billion cash in a convertible stock offering in addition to $2.75 billion from selling its fiber division to Furukawa and $600 million for selling contract manufacturing facilities to CLS. They got plenty of cash. So much that they're giving $2 billion of it to employees they plan to fire!

Elroy
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