Lucent Technologies (LU) Message Board

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Technology Stocks : Lucent Technologies (LU)

LU 2.580

+1.2%

11:25 AM EST

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To: GVTucker who wrote (21019)	10/22/2002 4:01:29 PM
From: John Soileau	of 21876

<<They had to cancel their bank line of credit not too long ago solely because if they didn't, they would have been in default.>> Yeah but it was not drawn--it was not a payment obligation at all! Just an unused rainy day line of credit. They were not in default of any payment obligation, and are not now. They apparently just wanted to avoid the bad press of having the line cancelled by the lenders, so they cancelled it themselves. LU's pension liability is another negative in the picture. That's true all over the place these days. If you want to see a REAL SCARY unfunded pension liability, check out GM. That one belongs at Halloween Horror Night! John

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