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

To: Jesica Dawnet who wrote (20612)	7/29/2002 3:53:05 PM
From: Rich Wolf	Read Replies (1) \| Respond to of 21876

<< ... they have false charges of about a 10 to 1 ratio and possibly worse. Basically, those are the amounts owed and disputed with Level but Level 3 still show them as revenue. >> What do you mean by 'false charges?' Can you point to where these disputed revenues appear on the financial statements? This is news to me, but then, I haven't been parsing their SEC documents closely the last few Qs. Kinda busy, I'll be out of the loop for a while, but thanks for the heads up, and I appreciate any additional information you may have time to report later. Think LU is ready for another run up from here? Maybe only if the market runs for a week. Otherwise, I was expecting it to meander and maybe sag closer to 1.2-1.4 In re: LU as provider to LVLT, I don't think so, so I wouldn't read the Buffett investment in LVLT as indicating potential business for LU. LU is all about the bells, and when they start to buy more, then LU can get its head above water. Until then, it's more red ink and layoffs. I see the bells as spending more on metro, with the long-haul being relatively further along at this time. Hence I've been watching RSTN among others, and they took a near-50% haircut recently. You might find them capable of bigger trading moves than LU. Good luck.