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To: Eric L who wrote (842)7/3/2001 10:58:21 PM
From: Puck  Respond to of 9255
 
As it is, Lucent is just re-lending money they have been able to wheedle out of their bankers. I guess that's better than not being able to re-lend bank debt. (At least Nokia's vendor financing is against their net cash position of $4 billion.) I wonder whoever thought of this brilliant business plan for Lucent. I must say that implementing such an avant-guard business strategy for one of America's older, more venerable corporations takes some moxie.


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