Lucent to spin off network division

Article Abstract:

Lucent Technologies Inc has decided to create a new company for its enterprise networking division for it to separately develop its market and set its own priorities. The division includes Lucent's company switching or private branch exchanges operations, cabling system business and local area network-based data business. Lucent Technologies also decided to split off the networking division to be able to focus on its fast-growing and more-promising projects such as optical networking and wireless communications.

Software Publishers, Strategy & planning, Communication Software Pkgs, Lucent Technologies Inc.

---

AT&T withdraws June 1 rate hike after criticism - for now

Article Abstract:

AT and T Corp has decided not to push through with an increase in its basic rate that would affect an estimated 30 million consumers in the US. The company, which implemented the increase on Jun 1, 2000, raised its basic rates by $0.29 as part of an effort by both AT and T and the Federal Communications Commission to reduce telephone service costs. AT and T said that adverse reaction by the public to the move is part of the reason for the plan's discontinuation.

Broadcasting and Telecommunications, Commodity & service prices, Communications, AT&T Corp.

---

Similar abstracts:

• Abstracts: AT&T Wireless buys service in 3 major cities. Lucent lures financial officer from Boeing. Wireless leader: in Zeglis, AT&T trusts
• Abstracts: Luxury's the name of the game at New York Auto Show. Photographers catch glimpse of '02 Thunderbird. Nissan: new Z all sports car
• Abstracts: Sun-Microsoft rivalry one of dislike, distrust. File-sharing software may transform the Net

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.