Lucent Technologies (LU) Message Board

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Technology Stocks : Lucent Technologies (LU)

LU 2.550

+2.4%

Dec 1 3:59 PM EST

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To: shortilong who wrote (21016)	10/22/2002 2:12:09 PM
From: John Soileau	Read Replies (1) of 21876

IMO all they need to get in the BK door is a present or very imminent inability to pay their obligations as they come due. With the $4.5B now in the bank, BK is not likely in coming months. But if they end up later with less than $1B in the bank, and a continuing cash burn, they would be quite a BK candidate. Hence the stock price. So long as they are not in default of their payment obligations (and it appears that at present they are not), a debtor-forced involuntary BK filing is not really a threat. If they default, that threat gets much more real. John

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