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

To: EACarl who wrote (18003)	4/3/2001 5:42:34 PM
From: smallcapmaven	Respond to of 21876

I agree... biz.yahoo.com >>>LUCENT PLEDGES ALL ASSETS Most investment-grade corporations can still get bank credit without collateral pledges, banking experts say. But companies that are under financial stress or in troubled industries are being pressed to offer credit enhancements. ``Now we're seeing the banks crack down on companies with ratings in the middle to low triple-B range,'' said Reynolds. ``We saw it most dramatically with Lucent, and we're seeing it with others.'' Telecommunications equipment giant Lucent Technologies Inc. (NYSE:LU - news) in February agreed to pledge substantially all of its assets as collateral for $6.5 billion in bank credit facilities, despite its investment-grade ratings. Struggling to restructure its operations and recover from huge losses, Lucent had little choice, analysts said. ``They absolutely had to have the bank facilities, otherwise it would have been difficult to maintain ongoing operations,'' said Mike Weaver, an analyst who covers the company for Fitch.<<< The shareholders don't have any equity in the stock so there is no value...IMO this is not good and leaves common holders out in the cold... New layoffs announced, which although necessary are not good news because there is such a drop in demand... dailynews.yahoo.com