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


To: Anonymous who wrote (15886)9/3/2000 10:26:20 AM
From: KevRupert  Read Replies (2) | Respond to of 21876
 
Anon--

I hope you are having a great weekend.

If you go to thestreet.com & do a search on Herb Greenberg, regarding his Lucent articles, you will find that this info regarding Lucent creating loans to generate business is simply old news. James Cramer also wrote articles about this a couple of years ago.

McGinn was asked about this issue on CNBC about 2-3 years ago. He gave the politically correct answer.

Herb discussed all of the negatives (albeit, true) issues of Lucent -- info derived from short sellers.

I can't imagine the market reacting significantly to the news. It's been out there for a while. If an investor hasn't sold by now (with all of the bad news that has been thrown out in the court of public opinion), then this is really minor in comparison.