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To: Robert J. Irvin who wrote (1738)3/13/2002 2:48:37 PM
From: pcstel  Respond to of 2737
 
" Does this also mean that quarterly interest payments must be made (in cash)? Assuming fed funds and Libor rise, say, Libor 5.5%, would this mean interest of $30 million a quarter (10% interest to keep it simple, times $1.2 billion, divided by four), plus principal of $17 million, for total quarterly payments to Lucent of $47 million??"

If so. This would make UFCF positive in 1H03 very hard to reach with any level of comfort.

As far as ERICY and NT go. I think NT's VF amounts are less than 50 million. And ERICY's are about 250 milion as far as I can calculate!

PCSTEL



To: Robert J. Irvin who wrote (1738)3/13/2002 9:09:37 PM
From: Jon Koplik  Read Replies (1) | Respond to of 2737
 
Re : possibility of "Libor 5.5%" (LIBOR is London Inter-bank offered rate) (in other words ... "overnight money") (similar to Fed Funds) --

Oh come on !

5.5% LIBOR ! You think inflation is going to suddenly run up to near 5% or so ?

Jon (Still long lots of Dec 2002 and Mar 2003 Eurodollar CD futures contracts).


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