Bankrupt investment bank Lehman Brothers owes a fair amount of money to a number of telecommunications and information technology firms. Among the tech companies with defaulted contracts are AT&T, Verizon and Sprint.
IBM, EMC, HP, Oracle, and Sun Microsystems also are on the list of suppliers whose contracts now are in some state of default. Microsoft, for example, is owed $22,580,526. IBM is owed $8,995,892. Barclays Capital, which is buying Lehman, will have to pay up on those contracts, but not necessarily the full amounts.
The proposed amount Verizon would have to be paid is listed as $325,000 but Verizon says it is owed $2,24 million.
AT&T, representing AT&T Wireless, SW Bell, Bell South, Cingular Wireless, says it is owed
more than $3 million, but would be paid $669,000 as part of the Barclays purchase of Lehman.
Cisco Systems, Global Crossing, KDDI, NTT, PeopleSoft, Real Networks, Red Hat, Sybase and Vodafone also might be in similar positions.
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