From mboxrd@z Thu Jan  1 00:00:00 1970
Message-ID: <3F1FAB93.9040100@proweb.co.uk>
From: matt <matt@proweb.co.uk>
User-Agent: Mozilla/5.0 (X11; U; FreeBSD i386; en-US; rv:1.3) Gecko/20030425
MIME-Version: 1.0
To: 9fans@cse.psu.edu
Content-Type: text/plain; charset=us-ascii; format=flowed
Content-Transfer-Encoding: 7bit
Subject: [9fans] "Hard Pressed" Lucent News
Date: Thu, 24 Jul 2003 10:49:07 +0100
Topicbox-Message-UUID: 023bc410-eacc-11e9-9e20-41e7f4b1d025


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.
*
*