Clown-Free Zone... sorry, no clowns allowed Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : Clown-Free Zone... sorry, no clowns allowed

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: BGR who wrote (125599)	9/25/2001 7:09:12 PM
From: reaper	Read Replies (1) of 436258

<<no one had ever complained of LU having an unsound business plan.>> Absolutely untrue. Many complained, including members of this thread, Carol Levenson of Gimme Credit, Fred Hickey, Fleck, and on an on and on. Giving loans to deadbeat customers so they can buy your equipment but having no foreseeable means to pay back the loans is the essence of an unsound business plan. It is in fact a ponzi scheme; or perhaps you think that Albania would be a G7 member if only those no-fun regulators hadn't turned off the wonderful little game over there? BGR, are you aware that for the three years ended September 2000, the three biggest years of the mania, Lucent managed to take in a grand total of $794mm of cash from operations. And that during that same period they needed $6.4 billion for capital investments. That there was not a single year from 1997-2000 when LU took in more cash than it used. LU was the definition of an unsound business. Cheers

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next