MURRAY HILL, N.J.-Telecom equipment maker Lucent Technologies Inc. suffered its 13th consecutive loss with a fiscal third-quarter loss of $295 million, or 7 cents a diluted share.The company had warned earlier that it would not return to profitability this year."This quarter, even customers who...
Investors dumped Nokia Corp.'s shares following the company's lower-than-expected revenues and warnings of sluggish sales for the coming quarter. Indeed, uninspiring reports from Nokia, Motorola Inc., Lucent Technologies Inc. and others forced the high-tech market down, with the Nasdaq dropping about 35 points in...
CHICAGO-Lucent Technologies Inc. further dampened Wall Street zeal with its announcement that it would not see black until next year, citing poor demand for its products.The company said it expects revenues for its fiscal third quarter to fall by approximately 18 percent from $2.4...
Two firms released different ratings on wireless vendor Lucent Technologies Inc. Deutsche Bank Securities maintained a hold rating, while Independent Research Group upgraded Lucent from sell to neutral.In a research note, DBS analyst George Notter attributed the rating to expected weak second-quarter sales owing...
Turning wireless services from novelty to normal has engaged wireless players focusing on the emerging markets in the world.While advanced economies of North America, Western Europe and Japan grapple with saturation or near-saturation issues owing to preponderant adoption across social classes, emerging markets are...
Barely nine months after Nokia Corp. led a base-station interoperability initiative, L.M. Ericsson and other major infrastructure vendors have countered with a new one, indicating a tension in that sector.The new initiative, known as the Common Public Radio Interface, also includes Siemens AG, Huawei...
China has a different take on the great experiment. The Asian giant wants all the economic benefits of Western-style capitalism without the political baggage of democratic reform. China wants a serious role on the world stage, with all the stately recognition and assumed legitimacy...
MURRAY HILL, N. J.-Lucent Technologies Inc. signed two separate contracts, one with a New Zealand operator and the other with a Chinese carrier.The U.S. vendor signed a five-year, $100 million contract to provide managed services for Telecom New Zealand's cdma2000 1x mobile network. Lucent...
Some major vendors have come together to form a new industry cooperation known as the Common Public Radio Interface to allow members to make base station subsystems that can work with each other.The vendors involved include L.M. Ericsson, Huawei Technologies Inc., NEC Corp., Nortel...
WASHINGTON-Paul Bremer, the U.S. administrator in Iraq, signed an order creating a new Iraqi government agency to oversee licensing of commercial wireless and wireline telecom systems in that country.The June 9 order establishing the Ministry of Transportation and Communications, obtained by RCR Wireless News,...
For those who serenade wideband CDMA as the authentic third-generation protocol, Qualcomm Inc.-inspired cdma2000 is no more than a counterfeit David dueling the shadow of the giant to come. When the giant comes, in all its messianic glories of data and voice, cdma2000 will...
MURRAY HILL, N.J.-Lucent Technologies Inc. announced the underwriters of its $1.525 billion offering of convertible senior debt have exercised an over-allotment option to acquire an additional $105.5 million of the convertible debentures, bringing the total capital the company has raised through the offering to...
MURRAY HILL, N.J.-Lucent Technologies Inc. reported that six Sprint PCS affiliates are deploying its PacketStar 4500 Multiservice Media Gateway, which Lucent said will allow the carriers to reduce costs by aggregating voice traffic as it moves through the network and by reducing the number...
LONDON-Tesco, one of the United Kingdom's major supermarket chains, announced plans to launch its own mobile service in partnership with MmO2.The supermarket will offer branded mobile services to the consumer market based on MmO2's network via its stores countrywide. The 50:50 joint venture is...
In a significant contract win, Lucent Technologies Inc. will provide MmO2 with UMTS gear, including packet technology and services for voice and data.Many industry watchers had counted out Lucent as a UMTS contender in Europe, and the announcement reinforces the view that the move...
As open standards and alliance building become the Holy Grail of the wireless industry, some industry watchers see them as oxymoron and schemes to capture market share."Standard groups are paper tigers," remarked Isaac Ro, senior analyst, mobile and wireless technologies with the Aberdeen group...
MURRAY HILL, N.J.-Lucent Technologies raised $1.525 billion through a public offering of convertible senior debt, which was priced at $1,000 per security. The company expects to apply the net proceeds toward the repayment or possible repurchase of certain short- and medium-term obligations over time,...
Lucent Technologies Inc. plans to sell about $1.3 billion in convertible senior notes as part of the company's strategy to wade out of its short- and medium-term debts."This offering is part of our overall effort to strengthen the balance sheet and will provide us...
PCTel Inc. has filed patent infringement lawsuits against Lucent Technologies Inc., Agere Systems Inc., Broadcom Corp. and Robotics Corp.PCTel, which supplies 802.11 software, software-defined products and Internet access technology gear, also filed a complaint against 3Com Corp. in March this year."We enter litigation reluctantly,...
SAN RAMON, Calif.-The PAM Forum plus Parlay Group now equals the Parlay Group. Both standards groups are merging into the Parlay Group in a process that will be completed by mid-June, according to the organizations.The PAM Forum, a consortium that establishes the presence and...
WASHINGTON-Despite interest in steering Iraq reconstruction business to American companies through competitive bidding and White House reluctance to meddle in wireless rebuilding in the war-torn country, the Bush administration has awarded what appears to be a no-bid GSM mobile-phone contract to a troubled U.S....
NEW YORK-There is still work for Henry Schacht, Lucent Technologies Inc.'s former chairman and chief executive officer, at his former company for a princely $55,000 a month.The company will pay Schacht to help Lucent cut costs and put an end to its litigation troubles....
Mobile infrastructure revenue dropped 14 percent in the first quarter of 2003 to $6.4 billion compared with the fourth quarter of 2002, according to a report by the Dell'Oro Group. Credit Suisse First Boston has a further gloomy take, predicting a 20-percent decline in...
MURRAY HILL, N.J.-Lucent Technologies Inc. introduced enhancements to its MiLife SurePay Solutions Suite, a group of prepaid solutions for wireline and wireless operators.Version 8 includes flexible account spending, support for data services, including short message service, and support for transactions like online purchasing and...
