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

To: KevRupert who wrote (15714)	8/8/2000 7:42:28 PM
From: Jeff Jordan	Read Replies (1) \| Respond to of 21876

>>> LU should have hired a recent accountant graduate, and paid about $30,000. <<< What century are you living in? Even manager trainee's right out of high school make more than that working @ McDonalds? Lets try to get realistic I bet LU spent twice that much just for moving expenses for the new CFO

To: KevRupert who wrote (15714)	8/8/2000 9:35:35 PM
From: Steve	Read Replies (3) \| Respond to of 21876

Hey, brilliance you get what you pay for. Lucent's balance sheet is in horrible shape. It will take at least 18 months to work through the load of crap piled up in AR and the reasons why it piled up in the first place. A good CFO can do just that. Lucent has been fiscally irresponsible because they got themselves into a situation of having to finance current operations. Compaq Computer had a pretty rough balance sheet 18 months ago and now finally it is in much better shape. Its stock is starting to go up. I think it is due in part to the attention to cash management. Lucent will be much better off in 18 months but its going to take a long time to improve this whale. (This is a totally separate issue of their optical switching product line. If sales in 10g systems accelerate a lot of the fiscal problems will take care of themselves)