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Technology Stocks : Lucent Technologies (LU) -- Ignore unavailable to you. Want to Upgrade?

To: Chuzzlewit who wrote (11229)	11/19/1999 6:14:00 PM
From: Bindusagar Reddy	Read Replies (2) \| Respond to of 21876

Chuzzle, are you the infamous Mr. Olstein by chance. You sound like him, repeatedly questioning the cash flow. LU is fine with cash flow. There is plenty of cash to invest for the future. You are making too much out of nothing. Healthy paranoia is good, but could be harmful if it is excessive which you seem to exhibit. BR

To: Chuzzlewit who wrote (11229)	11/19/1999 9:47:00 PM
From: Mr.Fun	Read Replies (1) \| Respond to of 21876

Chuzz, sorry for my churlishness. I can tell you that I spoke directly to LU's controller Jim Lusk and was told specifically that notes receivable related to vendor financing were in Other Current Assets. As you can follow from previous cash flow treatments, changes in the Other current assets line item are considered operating rather than investment cash flows. As such, an increase in vendor financing resulting from the proper reclassification of the Saudi receivable does not favorably change reported cash flows from operations. I believe that the cash flow from operations quoted by LU of $1.1B is a correct figure, and an enormous improvement over previous quarters as you have said. BTW LU also told me that it did not expect to increase total debt in FY00.