Stumbling Lucent Tries To Get Back On Monitor

In January the corporate mentioned it had obtained a new $4.5 billion credit score line from J.P. Morgan Chase and Salomon Smith Barney. But paying off the brand new debt takes priority over paying off older debts, making existing bondholders nervous. The old bonds already have been downgraded. "Lucent is very delicate to a money squeeze," Kogut said, noting that some rivals have higher inside resources on which to attract. Common Electric, as an example, has a prepared supply in its GE Capital financial services arm.

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But in July, Perot all of a sudden dropped out of the race - and, just as out of the blue, re-entered it in October. His clarification for the hiatus? He accused the Bush campaign of plotting to smash his youngest daughter's fame with a pretend photograph, and of hiring an ex-CIA employee to hack into his computerized inventory-trading [source: Richter and Fritz].

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