Troubled Lucent fires CEO, issues fiscal warning

Article Abstract:

Lucent Technologies has fired Chmn and CEO Richard McGinn on Oct 23, 2000, and replaced him with its first chairman, Henry Schacht, until a permanent successor has been found. The decision to oust McGinn was made when it became apparent that the besieged telecommunications equipment manufacturer's problems would spill over into 2001. Lucent Technologies declared a warning of a 22% decrease in net income from continuing operations for 4th qtr FY2000.

Communications Equipment Manufacturing, Executive changes & profiles, Telecommunications Equipment, Lucent Technologies Inc.

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Online privacy still a hot-button issue

Article Abstract:

TRUSTe is a non-profit site that aims to manage users' data on the Internet responsibly. An example of how it protects customers is when it advised the Federal Trade Commission of how Toysmart.com was trying to sell its customer list and database in bankruptcy proceedings. Despite its good intentions, however, critics charge that TRUSTe's close ties to the industry giants such as America Online and Microsoft make its seal meaningless.

Public affairs

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Net arena shrinks as players consolidate

Article Abstract:

Industry consolidation is hitting the Internet as evidenced by fewer firms adn hgiher prices for consumers. The number of companies controlling 60% of the minutes users in the USA spend online dropped to just 14 in Mar 2001. The figure is down from 110 only two years earlier. Web sites owned by AOL Time Warner purchased 32% of online time. Four companies, AOL Time Warner, Microsoft, Yahoo and Napster, controlled 50%.

Market information - general

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