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

To: Chuzzlewit who wrote (11859)	12/22/1999 2:56:00 PM
From: Kenneth E. Phillipps	Read Replies (2) \| Respond to of 21876

Will Bell Atlantic be purchasing a lot of long distance switches? Who will supply the long distance switches? Bell Atlantic Eyes 1 Mln New Customers Dec 22 1:18pm ET WASHINGTON (Reuters) - Bell Atlantic Corp. (BEL.N) said it would move quickly to garner long distance phone service customers starting on Jan. 5, after federal regulators on Wednesday approved the company's bid to offer long distance service in New York. Ivan Seidenberg, chief executive officer of the No. 2 local phone carrier, said his company aimed to have one million New York customers in 2000 and capture 25 percent or more of the $7 billion New York long distance market in a few years. Bell Atlantic's offerings mark the company's return to the long distance market that it was barred from after the 1984 break-up of the old AT&T monopoly telephone system. ``It's not that hard to get back on this bike and ride it,' Seidenberg said during a telephone press conference. Bell Atlantic President James Cullen said his company would seek permission from the Federal Communications Commission in the second half of 2000 to extend its long distance service to customers in New Jersey, Massachusetts and Pennsylvania. The carrier's first push in New York will be to sign-up consumers with either an inexpensive per-minute rate plan or a plan bundling local and long distance service together, Cullen said. The company's attack to gain customers in the business market will likely start 45 days later in mid-February, Cullen said.

To: Chuzzlewit who wrote (11859)	12/22/1999 3:28:00 PM
From: stilts	Read Replies (1) \| Respond to of 21876

Chuz, You said, "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." I'm not an accountant, but I don't believe that taking a "note for a receivable" is comparable to what Lu did, which was to "securitize" the $625 million in receivables by selling them to an unaffialiated entity on a non-recourse basis (except for collateral consisting of other receivables which haven't been used to increase cash flow). Does that make any difference? stilts