Lucent's earnings sink 69%, a reflection of lower tax benefits

Article Abstract:

Lucent Technologies Inc. of the United States posted a 69 percent decrease in fourth quarter net income to $374 million compared with $1.21 billion from last year. The decline in earnings for the telecommunications equipment company reflected a tax refund of $861 million and illustrated growth in operating revenue and profit.

Company Profile

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Lucent earnings tumble 79%; CEO expects fortunes to improve

Article Abstract:

Lucent Technologies Inc. of the United States posted a 79 percent slide in profit to $79 million from $372 million, in the third quarter. The telecommunications equipment company sales are down and a merger with Alcatel S.A. of France is expected this year.

Management dynamics, Management, Company business management, Company overview, Russo, Patricia

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Lucent again warns of sagging sales; profit, revenue to decline as telecom consolidation limits equipment contracts

Article Abstract:

Lucent Technologies Inc. predicts $2.04 billion in revenue for the third quarter, a decline of 13% from last year, and 5% from the second quarter. Telephone company consolidations have resulted in lower sales for the telecommunications equipment industry.

Acquisitions & mergers, Forecasts, trends, outlooks, Mergers, acquisitions and divestments, Company acquisition/merger, Company business forecast/projection, Company forecasts

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