Lucent Technologies Says Rumors of Bankruptcy Are Baseless; - Company Says It Is Seeing Positive Progress Against Restructuring Program

Apr 04, 2001, 01:00 ET from Lucent Technologies

    MURRAY HILL, N.J., April 4 /PRNewswire/ -- In response to inquiries,
 Lucent Technologies (NYSE:   LU) today issued the following statement:
 
     "Let me be very clear, our $6.5 billion lines of credit provide the
 financial resources and the financial flexibility to execute our turnaround
 plan," said Lucent Technologies Chief Financial Officer Deborah Hopkins.  "We
 are already seeing positive impacts from our comprehensive restructuring
 program.
     "The rumors that Lucent is filing for bankruptcy are baseless and
 irresponsible. We will report, in detail, on the progress we are making when
 we issue our results for the second fiscal quarter of 2001 later this month."
 
 

SOURCE Lucent Technologies
    MURRAY HILL, N.J., April 4 /PRNewswire/ -- In response to inquiries,
 Lucent Technologies (NYSE:   LU) today issued the following statement:
 
     "Let me be very clear, our $6.5 billion lines of credit provide the
 financial resources and the financial flexibility to execute our turnaround
 plan," said Lucent Technologies Chief Financial Officer Deborah Hopkins.  "We
 are already seeing positive impacts from our comprehensive restructuring
 program.
     "The rumors that Lucent is filing for bankruptcy are baseless and
 irresponsible. We will report, in detail, on the progress we are making when
 we issue our results for the second fiscal quarter of 2001 later this month."
 
 SOURCE  Lucent Technologies