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How Lucent stumbled: research surpasses marketing

Article Abstract:

Four-year-old company Lucent Technologies Inc. has announced for the third time in 2000 that the company will not meet its expected financial goals. The company, a spin-off of AT&T Corp., has been slow to adapt new research into profit-making products and has promised too much to Wall Street investors. The company's stock has fallen from a 1999 high of $80 per share to $23.25 on Oct. 13, 2000.

Author: Schiesel, Seth
Publisher: The New York Times Company
Publication Name: The New York Times
Subject: News, opinion and commentary
ISSN: 0362-4331
Year: 2000
Strategy & planning, Planning, Company business planning, McGinn, Richard A.

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New warning, and deeper from Lucent

Article Abstract:

Lucent Technologies has warned that its earnings reports would not meet expectations for the next two quarters. They claim the loss is due to a lower demand for tradition communication systems, pushed out of the way by newer technologies.

Author: Schiesel, Seth
Publisher: The New York Times Company
Publication Name: The New York Times
Subject: News, opinion and commentary
ISSN: 0362-4331
Year: 2000
Sales, profits & dividends, Company sales and earnings, Company earnings/profit

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Banks get plea for loans from Lucent

Article Abstract:

Lucent Technologies' CEO, Henry B. Schacht, has made requests of bankers in order to secure $6.5 billion in financing. The telecommunications equipment maker is seeking reprieve from lost sales and lowered earnings.

Author: Romero, Simon, Atlas, Riva D.
Publisher: The New York Times Company
Publication Name: The New York Times
Subject: News, opinion and commentary
ISSN: 0362-4331
Year: 2001
Schacht, Henry B.

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Subjects list: United States, Management, Finance, Telecommunications equipment industry, Telecommunications systems, Lucent Technologies Inc., LU
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