Lucent Technologies (LU) Message Board

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Technology Stocks : Lucent Technologies (LU)

LU 2.745

-2.8%

3:59 PM EST

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To: Anonymous who wrote (21566)	3/18/2004 11:36:40 AM
From: stock bull	Read Replies (1) of 21876

This is really not a big deal. It stems from the SEC action taken a few years ago. I believe it dealt with the recognition of revenue and customer financing. The $25M fine closes out this action by the SEC. LU will not have to restate any of their financial transactions. If the $25M is paid out of LU's cash reserves, I don't think it's going to hurt them. If my memory is correct, LU has over $4B in cash. I don't think this fine is a surprise to the Street nor anyone else. It sure won't hurt the credit rating which was just upgraded. Stock Bull

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