Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Bindusagar Reddy who wrote (11246)	11/27/1999 9:15:00 PM
From: Chuzzlewit	Read Replies (2) \| Respond to of 21876

Bindusager, I got to thinking some more about the financing of receivables, and I recall that a year or so ago Ashby (ASND CFO) acknowledged that Ascend was financing the receivables of some of its customers. As I recall, he said something like [paraphrasing] "All of the network gear suppliers are doing it -- we're just being open about it." So if LU is doing the same thing, there's nothing untoward about it. I simply question what I believe to be inaccurate accounting if they finance a receivable and then consider that transaction as contributing to operating cash flow. TTFN, CTC