$902 Million!

4:30 PM -- Buried in Lucent's SEC filing yesterday:

Item 8.01 Other Events.

As previously disclosed, Lucent Technologies Inc. ("we" or "us") received written confirmation from the Internal Revenue Service ("IRS") that the Congressional Joint Committee on Taxation approved our tentative agreement with the IRS that allowed for a tax refund of approximately $816 million (plus statutory interest to the date of payment). On August 30, 2005, we received this $816 million refund claim plus interest of approximately $86 million, for a total cash payment received of approximately $902 million.

Wow. Guess "we" or "us" checked zero deductions on their W4.



— Red Panda, Loo Scent Reporter, Light Reading