MURRAY HILL, N.J.—Lucent Technologies Inc. fell below market estimates as it recorded a fourth-quarter net loss of $8.8 billion, or $2.59 a share as against a loss of $484 million, or 14 cents a share a year ago.
“All along, we’ve said fiscal 2001 would be a rebuilding year for Lucent,” remarked Henry Schacht, the company’s chairman and chief executive. We developed a set of plans to return Lucent to profitability.”
