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 : Leap Wireless International (LWIN) -- Ignore unavailable to you. Want to Upgrade?

To: Rono who wrote (2363)	7/5/2002 3:51:39 PM
From: HEP_Ronin	Respond to of 2737

Maybe it means something like this: (Lucent sells some of its debt to Daddy Warbucks.) Any agreement or instrument pursuant to which Lucent sells such a participation shall provide that Lucent shall retain the sole right to enforce the Loan Documents and to approve any amendment, modification or waiver of any provision of the Loan Documents;provided that such agreement or instrument may provide that Lucent will not, without the consent of Daddy Warbucks, agree to any amendment, modification or waiver described in the first proviso to Section 9.02(b) that affects Daddy Warbucks. But why would Lucent want to be in a position of causing the bankruptcy of one of its customers. It's business as a telecommunications equipment vendor is to sell to the telcos, wireless etc. It isn't trying to enter into the banking business, to become a conglomerate like G.E. is it? If lucent were to help Leap through these tough times, then it has a loyal future customer. If they are instrumental in Leap's demise, then who would trust them in the future. I guess one could ask what role, if any, vendor financing played in the destruction of Global Crossing, Williams Comm, WCOM. Heard on the news today that it is the bond-holders in WCOM that pushed for the Chpt 11 agreement.