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

To: Ted Downs who wrote (17677)2/16/2001 10:15:14 AM
From: GVTucker  Read Replies (1) | Respond to of 21876
 
Ted, RE: Lu having problems regarding debt due next week

LU has a $2 billion credit line that expires next week, on Thursday.

If that line doesn't get done, Moody's is already on the record as saying that they'll downgrade LU to junk status.



To: Ted Downs who wrote (17677)2/16/2001 10:29:05 AM
From: kvkkc1  Respond to of 21876
 
Faber has been slamming LU all week. He reminds me of the little mutts who snarl and bite at the ankles but couldn't hurt a flea. The liberal a$$ho_e.knc



To: Ted Downs who wrote (17677)2/16/2001 10:32:38 AM
From: Knighty Tin  Read Replies (1) | Respond to of 21876
 
Ted, this is basically the investment bankers pulling a stickup on Lucent. However, they can only get so tough without hurting their own solvency, so I expect a deal to be done at a fairly unfavorable rate, but not a disastrous one.


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