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.
Publication Name: The New York Times
Subject: News, opinion and commentary
ISSN: 0362-4331
Year: 2000
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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.
Publication Name: The New York Times
Subject: News, opinion and commentary
ISSN: 0362-4331
Year: 2000
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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.
Publication Name: The New York Times
Subject: News, opinion and commentary
ISSN: 0362-4331
Year: 2001
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