3 Comments

Summary:

Lucent Technologies, thanks to wireless equipment sales has managed to somehow over come the negative trends overwhelming the telecom markets. In the fiscal 2Q 2005, the company reported sales of $2.34 billion and net income of $282 million, essentially flat sequentially and up marginally year-over-year. Of […]

Lucent Technologies, thanks to wireless equipment sales has managed to somehow over come the negative trends overwhelming the telecom markets. In the fiscal 2Q 2005, the company reported sales of $2.34 billion and net income of $282 million, essentially flat sequentially and up marginally year-over-year. Of the total, company’s sales from Wireless sector were $1.2 billion, up 24% year-over-year from $967 million in 2Q 2004. Income from that business increased $34 million to $404 million. Clear sign that Lucent’s wireline business is falling faster than Yankees chances in the AL East. The situation is so bad, that the company under the guise of management shake-up and new operating structure is telling investors: you will not get the details into the wireline business anymore. Or as one smart man says: masking the truth till the day reckoning finally arrives.

  1. Something like Ericsson, I suppose.

    Share
  2. maybe the two of them should merge. i think with the great strengths of lucent in cdma and ericsson in gsm they could be a good fit for each other. lucent’s problem is the pension commitments. i think they need to address those issues clearly before anything else

    Share
  3. Jesse Kopelman Wednesday, April 20, 2005

    That LU + Alcatel merger that never happened seemed like a better fit to me.

    Share

Comments have been disabled for this post