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

To: Chuzzlewit who wrote (12376)	1/7/2000 2:46:00 PM
From: abbigail	Read Replies (2) \| Respond to of 21876

Thank you for the guidance and information. I am not sure I agree with the sanctity of cash flow statements, as they can also be "manipulated". Your concern about QSPE supports this notion. Your focus is on the ability of LU to FINANCE growth. McGinn says the problem was EXECUTING/DELIVERING. If we can believe him, do you think these are cause & effect? What do you think the cash flow statement looks at 12/31/99? It must be a lot worse than 10-k? I really appreciate your work and insight, but please share: WHAT HAVE YOU LEARNED GOING FORWARD? PS Chuzz: I Have Lost Much PSS Mr McGinn: I just came back from the drug store to get subscriptions filled and the store is filled with a beautiful display of Valentine Cards; over a month away, anticipating the demand, ready to deliver the goods. That's EXECUTION!

To: Chuzzlewit who wrote (12376)	1/7/2000 3:35:00 PM
From: David C. Burns	Read Replies (1) \| Respond to of 21876

Financial Warnings Financial characteristics of firms that precede unanticipated and typically disastrous reductions. The authors identify the financial traits of firms which precede unanticipated and typically disastrous reductions in corporate earnings and forecasted cash flow to help users of financial information recognize these potentially catastrophic financial characteristics. Explains how to understand and implement corrective tactics to reverse sizable reductions in earnings and cash flow as well as blunt their accompanying impact. Includes illustrative case studies, numerical examples, and sample debt restructuring agreements. AUTHOR(S) : Mulford, Charles W.; Comiskey, Eugene E. TABLE OF CONTENTS What is an Earnings Surprise? Identifying Earnings Surprises. Causative Factors. A Survey of Lenders. Avoiding Earnings Surprises by Improving the Quality of Historical Earnings Analysis. The Analysis of Sustainable Earnings. Financial Position Analysis. Overstated Revenue. Understated Expenses. Misreported Assets and Liabilities. Cash Flow Warnings. Managed Earnings. The Role of Accountants and Auditors. Appendix. Indexes.

To: Chuzzlewit who wrote (12376)	1/7/2000 9:02:00 PM
From: Dana Adams	Read Replies (1) \| Respond to of 21876

<When I looked at LU's numbers I saw trouble brewing in several areas.> Sure you did! <I did not foresee a shortfall in revenues, but given the concerns I listed above, perhaps I should have. > Chuzz get a life pal, I've heard of quack doctors but you take the cake as the quack CPA. Just as a stopped clock is right twice a day, you got lucky on this one. Your whining posts never once indicated a miss on top or bottom line numbers. If I recall correctly all you ever harped about was receivables and cash flow issues. Get real pal before the market takes your meager worth away! I am getting sick and tired of reading posts from the likes of you who don't know what is going on. You guys continue to harp on some trivial issues while missing the boat time and again. I respect Richard McGinn and take his word on what went wrong. Respectfully, Dana Adams