[9fans] "Hard Pressed" Lucent News

[9fans] "Hard Pressed" Lucent News

[matt]

http://theregister.co.uk/content/5/31914.html

At last some good news for Lucent, the hard-pressed networking equipment
vendor. Yesterday it won a $1bn contract to supply 3G infrastructure kit
to Sprint, the US mobile network.


http://www.lucent.com/press/0703/030723.coa.html


* - Posts revenues of $1.96 billion for the quarter, a decline of 18
percent from the second fiscal quarter
- Records loss per share of 7 cents, continuing sequential improvement
on the bottom line
- Reports $4.9 billion balance in cash and short-term investments


*
The company's net loss for the quarter was $254 million or 7 cents per
share^1 . These results compare with a loss of $351 million or 14 cents
per share in the second quarter of fiscal 2003 and a net loss of $8.03
billion or $2.35 per share in the year-ago quarter.
*
*