Ciena's results buck telecom-equipment trend

Article Abstract:

Ciena Corp.'s second quarter revenue was $425.4 million and profit of $65.4 million, 20 cents per share, which was triple that of year-end results. The company also replaced Patrick Nettles as CEO, who will stay on as chairman, with Gary Smith. The strong results point to telecommunication service providers need still for products that help them cut costs. But Ciena noted that it is looking toward a monstrous price war with bigger companies.

Sales, profits & dividends, Statistical Data Included, Telecommunications equipment, Appointments, resignations and dismissals, CIENA Corp., Company sales and earnings, Company earnings/profit, Smith, Gary, Nettles, Patrick

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Lucent faces obstacles raising financing

Article Abstract:

Lucent Technologies is struggling to raise $6.5 billion by Feb. 22. Poor earnings and an accounting investigation forced the company to consider radical restructuring last month and some analysts believe the company can raise the cash with an extended deadline. If they don't, Lucent's stock image will erode even more, as will it's stock and credit rating.

Commercial Banks, Commercial Banking, Financial management, Banking industry, Investments, Securities, Bank investments, Salomon Smith Barney Holdings Inc., Company financing, J.P. Morgan Chase and Co.

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Lucent plans to put optical fiber unit, one of its bright spots, on auction block

Article Abstract:

Lucent Technologies Inc. is planning on putting up one of its best units up for sale. The telecommunications equipment concern's Optical Fiber Solutions unit is the second largest producer of fiber-optic cable next to Corning Inc. The revenue fot the unit is around $2 billion and has reported sales groeth of 60% in 2000.

Asset sales & divestitures, Management, Mergers, acquisitions and divestments, Company business management

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