Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Jeff Jordan who wrote (17637)	2/14/2001 2:30:34 PM
From: Maher Sid-Ahmed	Read Replies (4) \| Respond to of 21876

Lucent has ~$4 billion in cash and they will receive another $2.5 billion when they sell Agere Systems. They have short term debt of $5 billion and long term debt of $3.1 billion. This is not a company about to go bankrupt by any means. The downgrade on credit rating seems to be almost automatic when a company shows losses in a quarter and predicts losses in the coming quarter (which is mostly due to restructuring cost). The selling seems to follow the herd mentality which is common on Wall Street. IMO I see more upside than downside at the present trading price.