MURRAY HILL, New Jersey, United States-Shares of Lucent Technologies surged early this week on rumors of a potential takeover by aerospace and defense equipment vendor General Dynamics. Tuesday afternoon, shares of Lucent were trading at US$1.84 per share, even with Monday's close and General...
MURRAY HILL, N.J.-Shares of Lucent Technologies surged early this week on rumors of a potential takeover by aerospace and defense equipment vendor General Dynamics. Tuesday afternoon, shares of Lucent were trading at $1.84 per share, even with Monday's close and General Dynamics was down...
In today's soft economy, the benefits of outsourcing are becoming clearer to many manufacturers.Since the outsourcing trend intensified in the past few years, companies have said it has enhanced economies of scale, time to market and what one industry expert described as design to...
ST. PETERSBURG, Russia-The first commercial CDMA 450 MHz network is to be launched soon in Russia by the St. Petersburg-based carrier Delta Telecom. City streets are already abounding in billboards advertising "Other communications. Not GSM."Delta Telecom, an NMT 450 MHz carrier, has been licensed...
MURRAY HILL, N.J.-With its deployment by MetroPCS, Lucent Technologies Inc.'s Anypath messaging system, which allows subscribers to access and manage their communications transactions, has surpassed 500,000 active subscribers in North America and South America, according to a press release."The Anypath system has enjoyed a...
NEW YORK-Moody's Investors Service downgraded the debt of Lucent Technologies Inc. and Nortel Networks Corp. Nov. 1 and assigned a negative outlook to the companies.The rating agency lowered its speculative-grade rating on Lucent's $7 billion of outstanding debt by two notches, to Caa1 from...
NEW YORK-Moody's Investors Service Inc. said it downgraded Lucent Technologies to "junk" status, even as the Wall Street Journal reported the U.S. Securities and Exchange Commission (SEC) has broadened its investigation regarding the vendor's possible accounting violations.Moody's slashed Lucent's senior unsecured debt rating two...
CHICAGO-The Securities and Exchange Commission may file civil charges against Lucent Technologies Inc. over sales accounting practices, according to a report by USA Today.The report said the SEC sent a "Wells notice" to the wireless vendor, which is often followed by formal charges. Lucent...
NEW YORK-After weeks of trading below a dollar with delisting threats hanging over them, major wireless vendors enjoyed boosts in their stocks as Lucent Technologies Inc. traded for a dollar, Nortel Networks Ltd. jumped above a dollar and L.M. Ericsson, due to its...
NEW YORK-Amid dramatic declines in revenues, Lucent Technologies Inc. significantly narrowed its losses during the fourth quarter and its fiscal year.For the year, the embattled Murray Hill, N.J., telecom equipment vendor earned revenues of $12.32 billion, compared with $21.29 billion during 2001. Net...
DENVER, United States-While other companies have adopted the reverse-stock-split strategy to boost their stock profiles, Ericsson said it has authorized a ratio change in its American depositary shares (ADS) effective 23 October in compliance with the Nasdaq National Market's listing requirement."One new ADS will...
MURRAY HILL, N.J.-Following in the footsteps of Nortel Networks, Palm Inc. and other wireless companies, Lucent Technologies Inc. said it will ask its shareholders to approve a reverse stock split, a measure aimed at avoiding possible delisting.The company's stock has traded consistently at below...
NEW YORK-Lucent Technologies Inc. shares dropped to their lowest ebb since the vendor's spin-off from AT&T Corp, raising the specter of possible delisting.The company's shares fell to 97 cents a share, reflecting the continuing hard times of the company, whose stock has dipped 39...
CHICAGO-Struggling telecom gear maker Lucent Technologies Inc. said the company's performance for the quarter will fall below market projections and will compel it to cut more staff and costs.Lucent, which has slashed more than half of its employees since 1999, said it would post...
NEW DELHI, India-Two consortia led by United Communications Industry (Ucom) and Lucent Technologies have been short listed at the end of the first round of bidding for the 15 billion baht (US$353.6 million) CDMA expansion project of Thai government agency Communications Authority of Thailand...
WELLINGTON, New Zealand-Lucent Technologies Inc. said it signed a cdma2000 1x contract with Telecom New Zealand to supply equipment for the Australia-New Zealand region.The value of the contract was not disclosed."Our business customers are very keen to use this technology, which really frees them...
CAMBRIDGE, Mass.-Orange Ventures named Mike Dolbec and Bill Wiberg as general partners of the venture capital fund.Dolbec, who will focus on investing and providing strategic guidance to portfolio companies in the wireless infrastructure and data services markets, was co-founder and senior vice president of...
NEW YORK-The story of Lucent Technologies Inc. continues to sour as the company announced another round of layoffs affecting 7,000 positions, or 13 percent of its work force, in its ninth consecutive quarterly loss.Lucent reported a third-quarter net loss of $7.91 billion, or $2.31...
SAN DIEGO-Qualcomm Inc. and Lucent Technologies Inc. said they have completed a series of UMTS packet data calls, describing it as the "first such demonstration ... with commercial 3G infrastructure and chipsets for mobile devices."The companies said they demonstrated high-speed streaming video, Web browsing...
SAN DIEGO-Qualcomm Inc. and Lucent Technologies Inc. said they have completed a series of UMTS packet data calls, describing it as the "first such demonstration . with commercial 3G infrastructure and chipsets for mobile devices."The companies said they demonstrated high-speed streaming video, Web browsing...
NEW YORK—Still smarting from low operator demand, Lucent Technologies Inc. said it expects its quarterly revenue to fall by 10 percent to 15 percent from the previous quarter's $3.52 billion, driving its shares down 12 percent.The company, which has pared its staff in half...
STOCKHOLM, Sweden—Shareholders of equipment vendor Ericsson AB have approved a $3.1 billion rights issue to help the company through uncertain times.Like Nortel Networks, Motorola Inc. and Lucent Technologies Inc., the company will use the money to reduce debt and fund operations until a turnaround...
CARACAS, Venezuela—Telcel BellSouth has signed a contract to allow Lucent Technologies Inc. to build its wireless network based on cdma2000 technology.Lucent will upgrade the carrier's CDMA base stations with cdma2000 1x channel cards and software, supply 1x EV-DO equipment and offer installation and engineering...
MURRAY HILL, N.J.—Purchasers of Winstar Communications securities have sued Lucent Technologies Inc. for an undisclosed sum, accusing Lucent of causing Winstar's stock to lose value before Winstar filed for bankruptcy last April.Preferred Life Insurance Co. and other institutional investors filed the lawsuit last month...
