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Technology Stocks : Lucent Technologies (LU)

LU 2.540

-0.8%

12:37 PM EST

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To: David Hansen who wrote (20874)	9/30/2002 12:12:56 AM
From: Mahatmabenfoo	Read Replies (1) of 21876

---Now is not the lowest we will see LU or this industry IMO... Nahhh.... it's just starting. WorldCom while in bankruptcy doesn't have to pay interest on its 29 billion in debt. Sorta gives Worldcom a competitive advantage... and others an incentive to go bankrupt too. what was the Senator who said a billion here, and a billion there, an soon it starts to add up? 29 billion is a lotta dough in an unprofitable business, and that's Worldcom alone. And while those companies are in debt up the wazoo -- for at least 5 years -- they won't be so quick to buy much from LU and other hardware providers. Exit Lucent, exit Nortel... lotta bankruptcies coming. But none of that pays off the debt -- it just weakens the institutions that raised and lent the money. party-time! in the 90's we spiraled up; now we see the process in reverse. - Charles

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