Lucent Technologies

(LU)

was down 7.5% in early trading after

The Wall Street Journal

reported that the telecom equipment company is having trouble raising $6.5 billion to renew a credit facility that comes due next week.

The newspaper, citing unnamed sources, also said Lucent is considering selling some assets.

Credit Suisse First Boston

cut its 2001 estimate to a loss of 90 cents from 75 cents a share, citing the downturn in the industry.