Lucent Technologies (LU) Message Board

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Technology Stocks : Lucent Technologies (LU)

LU 2.670

-0.4%

3:59 PM EST

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To: Jim McMannis who wrote (20389)	6/27/2002 1:50:29 AM
From: DiB	Read Replies (1) of 21876

Jim, couple of years may not be enough <g> <ng>... they already stated that they are trying to break even in the next financial year. I hope the target quarter does not slip again... It is safe to suggest that they will lose close to a billion dollars, may be more, before the first breakeven quarter. The good thing is that they have enough cash and credit facilities to keep going despite these loses. IMHO they will survive if: 1) their accounting was/is clean; 2) none of Baby Bells go bankrupt; 3) they keep their operating losses within 10-15 cents or so... oh, i forgot the main "if" in the list above: if telecoms either keep or increase their spending.

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