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

To: Bindusagar Reddy who wrote (11232)	11/19/1999 7:03:00 PM
From: KYA27	Read Replies (1) \| Respond to of 21876

Bindusagar,I was thinking the same thing,sounds like Olstein to me.This guy is SHAMEFUL!!!

To: Bindusagar Reddy who wrote (11232)	11/19/1999 9:53:00 PM
From: Chuzzlewit	Read Replies (4) \| Respond to of 21876

Bindusagar, I am not Olstein. But let me clarify something that some on this thread seem to have missed. The only currency available to pay bills is cash. If you haven't sufficient cash to pay your bills you need to borrow cash. You cannot pay bills with earnings. That's why cash flow analysis is so important. A cash flow analyst divides cash flow into three categories: cash flow from operations, cash flow from investments, and cash flow from financing activities. The heart of the discussion that Mr. Fun and I have been having is the possible restatement of some of the A/R. It is important because a reduction in A/R due to a restatement of an asset has the effect of making it appear as if cash flow from operations is greater than it actually was. Strictly speaking, this restatement may be legitimate, but it does violence to the spirit of the concept operating cash flow. You may argue that this kind of restatement is a one-time issue, in which case this is much ado about nothing. I certainly hope so, because as I have said before, I am long LU. But wouldn't you like to know? If I am making too much out of nothing give me some evidence to allay my fears, and I will apologize for having needlessly upset some people. But before you dismiss my point of view, at least have the decency to examine my data in detail I am an investor, not a trader. That means that I look for companies with solid fundamentals. The major fundamental I look for is solid growth in operating cash flow. I am sorry if I ruffled feathers on this thread. That is not my intention. My only intention was to stimulate some reasoned discussion about this issue. Mr. Fun is the only one who has been willing to dispassionately discuss this issue with me. TTFN, CTC