Wireless Business Helps Lucent Profit
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Lucent Technologies Inc. , among the world's largest makers of telecommunications equipment, on Wednesday said quarterly earnings rose, helped by improvement in its wireless networks business, which makes base stations and other products.
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Communications network provider Lucent Technologies Inc. on Tuesday said it signed a four-year agreement to supply third-generation network equipment, software and services to support Cingular Wireless&#39;s nationwide 3G service rollout.
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Lucent Technologies Inc. LU.N, among  the world's largest makers of telecommunications equipment, on  Wednesday said quarterly earnings rose sharply, helped by  improvement in its wireless networks business and lower costs.
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Wireless companies are upping their technology bets.
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Verizon Communications Inc   reported a better-than-expected quarterly profit on Monday  driven by strong wireless subscriber growth, though analysts  were unimpressed by its Internet subscription sales.
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The worldâs largest maker of wireless networks said today that strong sales in Asia helped boost earnings to $960 million in the second quarter.
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Lucent Technologies Inc. , among the world's largest makers of telecommunications equipment, on Wednesday said its fourth-quarter earnings more than tripled, helped by improving demand in products for wireless networks and a growing service business.
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Electronic broker-dealer posts a profit and beats the Street.
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(InfoWorld) - Alcatel-Lucent cut its revenue forecast for the year on Thursday, underscoring the challenges the newly merged company faces in a highly competitive communications equipment industry. The company now expects its revenue to be flat or up slightly in 2007, compared with an earlier forecast that it would grow in the mid-single digits along with the overall carrier market. (Both estimates use a constant exchange rate between the euro and U.S. dollar.) In its new forecast, Alcatel-Lucent cited discussions with wireless customers in North America that led it to anticipate weaker spending than it had expected among them this year. Growth in sales volume won't make up for falling prices, Alcatel-Lucent said. As a result, the company expects only to break even in the current quarter. In the second quarter, which ended June 30, it reported an adjusted net loss of â¬336 million, or $455 million as of June 30, the last day in the period being reported. France'sÂ Alcatel bought troubled U.S. infrastructure vendor Lucent last yearÂ as the companies faced Asian competitors, such as Huawei Technologies, as well as consolidation among telecommunications carriers and vendors. It cut 3,800 jobs in the first half of the year and still expects to reach a target of â¬600 million in pre-tax savings from the merger this year, butÂ the merger hasn't led to strong results. The market has lashed out: Alcatel-Lucent's shares (ALA) on the New York Stock Exchange started this year over $15 and are now below $10. On Thursday's news, the stock fell $0.88 to close at $9.16. The company is taking steps to speed up its post-merger restructuring and carry out additional focused cost-cutting plans, CEO Patricia Russo said in a prepared statement on Thursday. Alcatel-Lucent does expect some improvement from quarter to quarter. It forecast third-quarter revenue up slightly from the second quarter and a strong increase in the last quarter of the year. Bright spots in its worldwide business include the wireline and enterprise network business, as well as sales in the Asia-Pacific region.
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(InfoWorld) - Lucent Technologies has averted a potentially embarrassing delay of its shareholder vote on a merger with Alcatel,Â settling two suits by shareholdersÂ who said the deal doesn't maximize shareholder value. Lucent and AlcatelÂ agreed in April to mergeÂ into a global communications vendor that would have about $25 billion in annual revenue. Both companies plan to hold shareholder votes to approve the deal on Thursday. Plaintiffs in Resnick vs. Lucent Technologies Inc. wanted to postpone Lucent's vote, and the company was due at a hearing Wednesday in the Superior Court of New Jersey in Union County to fight that move. Another group of shareholders pursuing a similar suit, Asa R. Maley Trust vs. Lucent, also would have joined the hearing. Now Lucent won't have to face the danger of a legal entanglement the day before its planned vote. Both suits were intended as class actions on behalf of owners of Lucent stock. Terms of the settlement Lucent reached with them will be disclosed later, the company said in a filing to the U.S. Securities and Exchange Commission on Friday. The Lucent-Alcatel deal would be one of the biggest shifts yet in the consolidation of both service providers and vendors in the telecommunications industry. Both the U.S. Federal Trade Commission and the European Commission have approved the plan, but it still faces opposition from some investment firms and needs the blessing of the Committee on Foreign Investment in the U.S. Lucent is based in Murray Hill, New Jersey. The merged company, to be called Alcatel Lucent, would have its headquarters in Alcatel's base of Paris. Â ADVERTISEMENTMAKE SOA REAL WITH IBM WEBSPHERE PODCASTStreamline processes and maximize efficiency within a proven service oriented architecture. Take back control of your business processes with IBM WebSphere.
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Alcatel-Lucent, a telecoms equipment giant valued at 21.5 billion euros (27 billion dollars), began life after the merger of French group Alcatel and its former US rival Lucent.
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Telecommunications equipment maker Lucent Technologies Inc., whose multibillion dollar losses forced it to shed 80 percent of its work force, has recorded its first profitable year since 2000.
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Top telecommunications service provider AT&T Inc.  on Tuesday said its profit and revenue grew on an adjusted basis, helped by strong growth in its wireless business.
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US / Poland : Lucent Technologies and Novatel Wireless announced that the two companies are supplying Polska Telefonia Cyfrowa Sp.
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Alcatel SA   completed its acquisition of Lucent Technologies Inc.  on Thursday, creating one of the world's biggest suppliers of network equipment for mobile phones and high-speed Internet.
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European stock markets have risen when a well-received statement from Alcatel-Lucent helped offset a weak showing on Wall Street overnight.
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Lucent Technologies has averted a potentially embarrassing delay of its shareholder vote on a merger with Alcatel,Â settling two suits by shareholdersÂ who said the deal doesn't maximize shareholder value.