SBC cuts its estimates for 2001

Article Abstract:

SBC Communications Inc. is reducing its predictions for its 2001 revenues and earnings. The company, which is blaming a slower economy and regulatory issues, is predicting earnings growth of 11% to 14% for the year.

Telecommunications, Forecasts, trends, outlooks, Telephone Communication, Telecommunications services industry, Telecommunications industry, Forecasts and trends, AT&T Inc., SBC

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Lucent Technologies will cut 10,000 jobs in restructuring

Article Abstract:

Lucent Technologies is planning to take a restructuring charge of over $1 billion (1.07 billion euros). The company will also layoff 10,000 jobs as part of its restructuring.

Labor force information, Communications Equipment, Telecommunications Equipment, Communications Equipment Manufacturing, Telecommunications systems

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Lukewarm investors, nervous workers await the new CEO at Lucent-Alcatel

Article Abstract:

Lucent Technologies Inc. of the United States is merging with Alcatel S.A. of France to create a telecommunications giant. The Chief Executive Patricia Russo is planning to cut 9,000 jobs from the merged workforce of 88,000. Ms. Russo has been at the helm of Lucent Technologies Inc. for four years and orchestrated a turn around after two years.

Telephone and telegraph apparatus, Acquisitions & mergers, Management dynamics, Executive changes & profiles, Officials and employees, Mergers, acquisitions and divestments, Company acquisition/merger, Biography, Company business management, Russo, Patricia

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