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Technology Stocks : Lucent Technologies (LU)
LU 2.545-0.6%Dec 3 3:59 PM EST
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To: matt gray who wrote (20830)9/17/2002 4:05:04 PM
From: BWAC  Read Replies (4) of 21876
 
The banks own Lucent until the debt is paid down or until they can cut another 40% out of expenses, if ever. This company is in shambles. Demand for product dried up (stupid as that is of the phone companies) and Lucent is woefully behind of shaving costs. They have many miles to go, and little time to get there. And the leaders don't know which direction is up.

Sad as it is, IF Lucent intends to be a going concern they must shut about half their capacity down permanently and unemployee 50% more of their workforce.

Stop selling the old equipment once inventories are used up. Obsolete every single part down to a screw with future technology.
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