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Technology Stocks : Lucent Technologies (LU)
LU 2.670-0.4%3:59 PM EST
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To: sylvester80 who wrote (20375)6/26/2002 11:42:29 AM
From: Elroy   of 21876
 
As of last Q, LU had

$4.8 billion cash
$82 million short term debt
$3.2 billion long term debt (none due before 2006)
and
$1.75 convertible preferred securities

LU also has in excess of $1.5 billion in untapped credit facilities.

LU's problem is not cash, it is getting profitable in a declining revenue environment. As long as revenues continue going the wrong way, LU will need to continue implelementing restructuring plans which burn through cash in severance.
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