Its really Lucent Mobile

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.

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