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Technology Stocks : Lucent Technologies (LU)
LU 2.560+0.4%Dec 2 3:59 PM EST
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To: GVTucker who wrote (20925)10/11/2002 8:42:31 AM
From: GVTucker   of 21876
 
They're saying that they'll have more than $2 billion in cash at the end of fiscal 2003, which would end in Sep 03.

That means that IF LU returns to profitability and positive cash flow in the next year, as they're telling us, they'll still be burning about $600mm per quarter.

And that's a best case scenario, given LU's forecasting history under Russo.
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