Lucent says profit for latest quarter will more than double projections

Article Abstract:

Lucent Technologies' 2nd qtr 1996 profits will be between $55 and $65 million, or 9 to 10 cents a share, more than twice analysts' estimates of 4 cents per share. In 2nd qtr 1996, the company reported a loss of $103 million, or 16 cents a share. Lucent is seeing the benefits of independence from AT&T, especially in reduced overheads. Lucent also has diverse telecommunications product offerings, including hardware and software for voice, data, and wireless traffic, which makes it less vulnerable to market swings. Lucent has made significant efforts to reduce its high sales and administrative expenses, which dropped to 24% of revenue in 1996 from over 25% in 1995. Lucent has recently signed a number of important contracts to provide equipment for communications software and networking switching products, and hopes to see its wireless communications equipment business grow with new opportunities in Asia.

Finance, Lucent Technologies Inc., LU, Company sales and earnings, Company Earnings/Profit

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Cabletron CEO is expected to resign

Article Abstract:

The departure of Cabletron CEO S. Robert Levine is expected to result in major changes at the computer networking equipment company. Analysts anticipate the company will begin to focus on ways to regain market share, which it has been losing in recent years. Cabletron's earnings for its first qtr ended May 1, 1997 were far below expectations and revenue was up only 12%. Analysts had expected Cabletron's net income to be 50 cents a share, but it only surpassed the first qtr of 1996 by a penny with 38 cents a share. Cabletron has chosen an individual from outside the company to take over Levine's roles of president and CEO. The company's chmn and COO, Craig R. Benson has the full backing of the board and is expected to retain his current position.

Telecommunications Equipment, Communications Equipment Manufacturing, Computer network equipment industry, Network hardware industry, Officials and employees, Human resource management, Telecommunications systems, Appointments, resignations and dismissals, Cabletron Systems Inc., CS, Company personnel management, Company executive, Computer executives, Levine, S. Robert

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Nextel, Netscape to offer cellular service that combines voice, data and Internet

Article Abstract:

Nextel Online is a new service that combines data, voice and the Internet from a joint effort by Nextel Communications and Netscape Communications. Motorola is the make of the actual 'phones' or handset that can do it all. The Internet connection will be possible with Netscape's portal and customized software and Nextel's digital wireless network that will communicate with laptops or handheld computers. National distribution wouldn't be available until 2000.

Comment:

Introducing new service in partnership with Nextel

United States, Services introduction, Strategic alliances, Services, Cellular telephones, Wireless telephones, Abstract, Nextel Communications Inc., NXTL, Licensing agreements, Netscape Communications Corp., NSCP

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