Lucent Technologies (LU) Message Board

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Technology Stocks : Lucent Technologies (LU)

LU 2.585

+0.2%

3:04 PM EST

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To: David Hansen who wrote (20645)	8/7/2002 10:53:09 PM
From: Bridge Player	Read Replies (1) of 21876

David, LU Jan. 2005 2 1/2 leap calls can be bought for less than $1.00 as of today's close. That is nearly 2 1/2 years out. LU traded at over $4/share as recently as June, 2 months ago. Lucent now sells for less than .5 times current sales run rate, and about .25 times sales run rate as recently as a year ago. As of 6/30/2002 they have $5.4 billion in cash and short term investments, vs. long term debt of $3.2 billion. They have a huge installed base, high credibility with their customers, and of course the priceless Bell Laboratories. Caveat: Be aware of potential bias. My dad worked for Bell Labs for over 30 years. He died many years ago.

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