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

To: Mr.Fun who wrote (11856)	12/22/1999 1:49:00 PM
From: Diamond Jim	Respond to of 21876

Mr Fun, have you tried to contact that co. representative and ask him exactly what you just stated? A little miffed? buying more on this dip, holding, lightening up? Do you still think LU will outperform Nokia? thanks, jim

To: Mr.Fun who wrote (11856)	12/22/1999 2:08:00 PM
From: Chuzzlewit	Read Replies (2) \| Respond to of 21876

Mr. Fun, I was told explicitly that the receivables that were restructured as a finance contract remained on the balance sheet as a note receivable in other current assets. Unless I'm confused (always possible) that's exactly what they did. I think you missed the point I had made earlier: when you have a note receivable it is not considered part of operating cash flow. So when you shift a receivable to a note you increase cash flow from operations by treating it as an investment activity. My complaint was that such an approach simply papers over the problem. The excerpt I posted also shows that LU may well need additional financing, although existing shelf-registrations are probably sufficient for the near-term. I think that the reason for the drop in prices yesterday and today has nothing to do with analysts' comments. It is simply the result of savvy big investors carefully reading the 10-K. TTFN, CTC