Lucent Technologies (LU) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Lucent Technologies (LU)

LU 2.560

+0.4%

Dec 2 3:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Anonymous who wrote (20924)	10/11/2002 7:51:57 AM
From: GVTucker	Read Replies (1) of 21876

Mostly negative news this morning from Lucent. Lucent is going to cancel a credit facility to avoid default. In the announcement, they stated that they have about $4.4 billion in cash right now, which is a decline of $1 billion for the recent quarter. That's some serious burn, no matter what the excuses are. One positive piece of news is that revenues for the quarter ended 30 Sep will be down 20-25%, within recent guidance. lucent.com

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next