IL Padrino
18 years ago
Merger. LU holders will get 35-40% of the combined stock price.
So, if the price is $18, LU holders will get about $7-8. Hey, I'll take it.
March 31, 2006 03:01:37 (ET)
PARIS, March 31 (Reuters) - A planned merger between France's Alcatel and smaller U.S. rival Lucent Technologies is "95 percent" finalised and the terms could be announced next week, sources close to the matter said on Friday.
Alcatel ((CGEP.PA)) will acquire Lucent without paying a premium. Based on current share prices, Alcatel shareholders will have 60 to 65 percent in the combination and those of Lucent (LU,Trade) the rest.
The group will be based in Paris and incorporated under French law. There will be parity between the two companies on the group's supervisory board with an important number of independent U.S. non-executive directors.
Serge Tchuruk, executive chairman at Alcatel, will be non-executive chairman of the new group but with extended powers. Lucent's Patricia Russo will be the managing director at Alcatel-Lucent with Alcatel's Mike Quigley as number two.
Phil(Hot Rod Chevy)
19 years ago
Don't forget to WAG.!!!
It's free, fun, and you have a chance to win money.
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
10 Millionth Post Grub and WAG Prizes
To celebrate our reaching the 10-million post mark, we're going to give away some prizes as a way to thank the community who has made this possible.
The prizes are as follows:
* $1,000 to the person who posts the 10 millionth post.
* $50 each and a Free Annual Subscription to the people who post number 9,999,999 and 10,000,001.
* $250 to the person who comes closest to guessing the exact date and time of the 10 millionth post.
http://www.investorshub.com/boards/board.asp?board_id=1594
Have fun,
Phil
Phil(Hot Rod Chevy)
19 years ago
From the last filing:
General Information
We are asking shareowners to approve a proposal that would grant the Board of Directors the authority to effect a reverse stock split at any of the following three ratios: 1-for-5; 1-for-10; or 1-for-15. At our 2003, 2004 and 2005 annual meetings, shareowners authorized the Board of Directors to effect a reverse stock split at any one of four ratios. The authority granted by shareowners to the Board of Directors at the 2005 annual meeting expires on February 15, 2006. The Board of Directors has not yet effected a reverse stock split at the time this proxy statement was printed because the Board has determined that the timing has not yet been appropriate to effect a reverse stock split in a manner that would be beneficial to the long-term value of Lucent common stock with the least amount of adverse impact on the short-term value. However, the Board of Directors still believes shareowners’ interests will be best served if the Board has the authority and flexibility to effect a reverse stock split.
Accordingly, the Board of Directors has again unanimously adopted a resolution seeking shareowner approval of an amendment to Lucent’s Restated Certificate of Incorporation to effect a reverse stock split of Lucent common stock. If shareowners approve this proposal, the Board of Directors may subsequently effect, in its sole discretion, a reverse stock split based upon any of the following three ratios: 1-for-5; 1-for-10; or 1-for-15. If this amendment is approved by shareowners, the Board of Directors would have the authority to effect a reverse stock split at any of those ratios at any time until February 14, 2007. In addition, notwithstanding approval of this proposal by shareowners, the Board of Directors may determine not to effect, and abandon, a reverse stock split without further action by our shareowners.
IOW,
It hasn't been decided yet.
Have fun,
Phil
ProfitScout
19 years ago
Altert out on PTHO today. Take a look.
----------------------------------------
Subj: Company in the Spotlight
Date: 11/4/2005 6:41:55 A.M. Eastern Standard Time
From: carlisleva4475@aim.com
PTHO to Soar 600 Percent...
$12 Price Target on Huge News and
Record Breaking Contracts.
PTHO rated an “Urgent Buy” for aggressive investors must act quickly to accumulate a substantial position just before earth-shattering news is released that will send shockwaves through the core of the NanoTechnology industry.
Company: PSI-TEC HOLDINGS INC
Symbol: PTHO
Price 1.55
Shares Outstanding: 24 mill
Est Float: 2.6 mill
52 wk H/L : 5.45/.75
Rated: Urgent Buy
Outlook: Soaring Growth
Higher exchange listing anticipated near-term
PTHO Stock Breakout
Technically, PTHO has been trading in a very tight range around the $2.25 level. Increasing levels of broker and investor participation along with upcoming massive exposure will generate astounding upside movement, producing initial gains which could shoot the company back to it's year high of $5.45, then eclipsing this level on the way to double-digit territory.
Company Introduction
PSI-TEC Holdings, Inc. (OTC: PTHO) is an innovative, emerging leader engaged in the scientific development of highly advanced, next-generation Electro-Optic (EO) polymers. Speed, performance, and efficiency of their patented technologies place PTHO at the forefront of NanoTechnology, the world’s fastest growing industry.
Record Sales and Earnings
PTHO scores high marks as one of the very few “pure play” publicly traded NanoTech companies. Given their earning power and exponential revenue growth, standard analyst formulas would peg the stock at 5X to 7X its present valuation, even at a conservative P/E multiple.
PTHO has already received strong interest from leading technology companies in its core target markets of telecommunications, satellite, and aerial guidance / reconnaissance. Given the tremendous impact the Company’s polymers present for these markets, it is not unreasonable to envision a licensing agreement for use of PTHO’s technology that may very well exceed the $100 Million benchmark. We expect PTHO to conclude one or more lucrative licensing arrangements with major corporations over the near to intermediate term.
Escalated sales forecasts share a robust equivalency with the early, dramatic growth rates of Fortune 500 leaders in their heyday. Very seldom do you get perfection, yet this flawless, unknown gem has qualities resembling high- caliber Blue Chips that place it on a level that’s about as close as you can get.
Out of thousands of OTC companies we have reviewed, PTHO is the stock best qualified to earn the designation of Soaring Stock Pick! PTHO has hit its cruising speed, analytically viewed as a Company operating on a higher level. While approaching significant corporate milestones, we’re tuned into the cash-rich results of cascading growth nearly across the board.
Early investors must act quickly to avoid competing for shares as a flood of new buyers will imminently wake up and jump on board, leaving procrastinators to sit around wondering why they didn't buy PTHO when it was really cheap in September.
Certain information contained in these materials is "forward-looking" information, such as projections, estimates, pro formas, or statements of intentions, expectations or plans. All forward-looking information is subject to known and unknown risks and uncertainties, many of which are outside of the control of the company. Consequently, actual results may, and probably will, differ materially from the results contemplated in such forward-looking information. Stock Marketing Group, LLC was paid $1,000 for this advertisement. As with any company, nothing can ever be guaranteed, we simply give the facts and allow the investor to make a professional decision.
Gd2Aussie3
19 years ago
From 11/1/05 Updated: 06:14 AM EST
Pronto Networks Announces Global Reseller Agreement With Lucent Technologies
PLEASANTON, CA -- (MARKET WIRE) -- 11/01/05 -- Pronto Networks, a leading provider of carrier-class operations support systems (OSS) for managing large-scale, broadband wireless networks, today announced a global reseller agreement with Lucent Technologies (NYSE: LU) to resell Pronto Networks' complete line of products and services. Pronto's products and services enable the rapid and cost-effective deployment of Wi-Fi networks to service providers targeting the enterprise and municipality markets.
Lucent Worldwide Services (LWS) will incorporate Pronto Networks' core products, including its leading UniFi OSS Platform, UniFi Service Controller, and UniFi Service Gateway, as part of its portfolio of Wi-Fi solutions and services targeted at service providers and enterprises worldwide. LWS will also be reselling Pronto's Managed Services, enabling service providers to gain a time to market advantage by providing back-office operations. LWS will provide additional value to customers by providing RF engineering/optimization, installation, integration, and network maintenance services.
"Pronto's products and services fit well into our business model of providing world-class, multi-vendor solutions to service providers across the globe," said Stef van Aarle, vice president of marketing and strategy, Lucent Worldwide Services. "Pronto Networks' OSS-related products enable us to quickly deploy a robust and scalable Wi-Fi network for our customers. It also provides a flexible platform for introducing new applications and converged services."
"This agreement is a win-win for both companies as well as a win for network operators," said Jasbir Singh, president and CEO of Pronto Networks. "Pronto's leading technology, expertly deployed and enhanced by Lucent's top-notch professional services, provide operators a world-class, comprehensive solution.
Pronto Networks' solutions have been deployed by more than 100 network operators and dozens of municipalities worldwide. Pronto's core product, the UniFi OSS Platform, is a flexible, standards-based Operations Support System platform providing critical back-office and service control functions, including user registration, multiple secure authentication options, captive portal customization, subscriber management, flexible pre- and post-paid billing, and remote network management. The UniFi OSS Platform includes modules tailored for the Municipality, Hospitality, Retail and Enterprise segments. Other products include the UniFi Service Controller and Gateway, intelligent, plug-and-play IP network access equipment supporting up to 100 or 2000 concurrent users, respectively. Pronto's Managed Services is a hosted service that allows service providers to outsource all back-office operations so that they can focus on building their core business.
About Pronto Networks
Pronto Networks, based in Pleasanton, Calif., provides a carrier-class Operations Support System (OSS) that enables service providers to rapidly and cost-effectively provision, deploy and manage large-scale, broadband wireless networks. The company's core software product -- UniFi OSS Platform -- handles provisioning, multiple authentication options, subscriber management, captive portal customization, pre-paid and post-paid billing, customer care, remote network management, and roaming settlement. It also serves as a flexible platform for delivering next generation services. Pronto Networks is funded by BV Capital, Draper Fisher Jurvetson and the Intel Communications Fund. Pronto Networks was recently named to the AlwaysOn List of Top 100 Private Companies for the third consecutive year, and in 2003 received Wired Magazine's Top 25 Wi-Fi Companies to Watch and Computerworld's Innovative Technology Awards. For more information about Pronto Networks, visit www.prontonetworks.com.
For more information, please contact:
Kristie Heins Fox for Pronto Networks
Ruder Finn, Inc.
(312) 329-3985
Email Contact
G'day Mates.
Aussie
Gd2Aussie3
19 years ago
This sent the stock South...
Updated: 09:48 AM EST
Lucent Tech Discovers $80 Million Accounting Error In Balance Sheet
WASHINGTON -(Dow Jones)- Lucent Technologies Inc. (LU) disclosed Tuesday that it became aware of an error reported in its fourth-quarter and fiscal year financials last week that will result in an $80 million increase in its pension liabilities and a corresponding reduction in shareowners' equity.
The designer and deliverer of systems, software and services for next- generation communications networks for service providers and enterprises said in a document filed with the Securities and Exchange Commission that the adjustment is the result of an error with preliminary actuarial information used in calculating its pension liabilities as of Sept. 30.
Lucent said it expects a final actuarial report early this month, at which time it will finalize the amount of the adjustment.
The company doesn't expect the adjustment to impact its previously reported results of operations or cash flows for the quarter or fiscal year, according to the filing.
In addition, Lucent lowered its previous estimate for fiscal 2006 income tax expense to $170 million from $200 million as a result of the adjustment.
-By Chad Clinton, Dow Jones Newswires; 202-862-1349; chad.clinton@dowjones.com
(END) Dow Jones Newswires
11-01-050925ET
Copyright (c) 2005 Dow Jones & Company, Inc.
Copyright (C) 2005 Dow Jones & Company, Inc. All Rights Reserved.
2005-11-01 09:25 ET
Copyright (C) 2005 Dow Jones & Company, Inc. All Rights Reserved.
G'day Mates.
Aussie
ProfitScout
19 years ago
PSI-TEC Attracts Seasoned Lucent/Bell Labs Modulator Expert Dr. Gray D. Blake
Industry Expert Will Guide Material Development Through Final Testing Phase; Company Developing EO Polymers for High-Speed Internet, Satellite and Military Applications
WILMINGTON, Del., Oct 31, 2005 (BUSINESS WIRE) -- PSI-TEC Corp., a wholly owned subsidiary of PSI-TEC Holdings Inc. (Pink Sheets:PTHO), a technology-based company developing chemical-based (polymer) materials for a wide roster of broadband telecommunication and military applications, announced today that it has engaged the consultancy services of former Lucent and Bell Labs veteran Dr. Gary D. Blake. PSI-TEC scientists and management expect Dr. Blake's extensive experience in modular technology to greatly accelerate the development and commercialization of PSI-TEC's breakthrough material designs.
PSI-TEC's molecularly-engineered materials are the basis of the company's revolutionary electro-optic technology product strategies. The resolution of the stability issue in material design, together with an exceptional R33 EO coefficient and high-yield material synthesis process, represents the potential to remove the final hurdle to the broad proliferation of low-cost EO polymers for numerous high-speed Internet, telecom, satellite and military applications.
"Dr. Blake's unique background and experience with modulator technology, together with his superb project management skills, is an ideal match for our emerging needs," stated Ron Genova, interim CEO of PSI-TEC Corp. "As it is imperative that we provide solid, credible performance data on our revolutionary nanotechnology-engineered EO polymer materials, we have reached the point where the collection and processing of test data must be performed using only the highest of industry-recognized practices and conditions. Dr. Blake's extensive expertise in this area will guide the project from testing to reporting and production in the coming months."
Dr. Blake's most recent accomplishments come from Lucent Technologies/Bell Labs where he supervised the design, fabrication, testing, qualification and production ramp of Lucent's highly successful lithium niobate modulator technology platform.
"Drawing on his proven success with test requirements, equipment, procedures and practices, Dr. Blake will work closely with Dr. C.C. Teng, PSI-TEC's distinguished member of technical staff, to establish testing facilities for material evaluations," said Frederick Goetz, Jr., president of PSI-TEC Corp. "The collaborative test facility effort by Dr. Blake and Dr. Teng is critical to confirming the soundness of our Aromatic Gain theory approach and will play an instrumental role in the future development and testing of waveguides, high-speed Mach-Zehnder modulators, and other devices created from our OE polymer material platform."
Company sources believe mu-beta and initial R33 EO coefficient test data (figures of merit for high-speed non-linear optic NLO polymer performance) could be released before the end of this year on the company's first commercial nanotechnology-engineered EO polymer molecule. The company projects definitive material stability testing will be completed shortly thereafter on waveguide structures.
About PSI-TEC
PSI-TEC Corp. is a developmental stage company that engineers next-generation electro-optic (EO) plastics for future applications vital to modern commerce, homeland security and medical technology. PSI-TEC's proprietary electro-optic plastics are produced at the molecular level for superior performance, stability and cost-efficiency and are expected to replace more expensive, lower-performance materials used in fiber-optic ground, wireless and satellite communication networks. For more information regarding PSI-TEC's mission, management and technology, visit the company at www.psiteccorp.com.
Safe Harbor Statement
The information posted in this release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. You can identify these statements by use of the words "may," "will," "should," "plans," "explores," "expects," "anticipates," "continue," "estimate," "project," "intend," and similar expressions. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected or anticipated. These risks and uncertainties include, but are not limited to, general economic and business conditions, effects of continued geopolitical unrest and regional conflicts, competition, changes in technology and methods of marketing, delays in completing various engineering and manufacturing programs, changes in customer order patterns, changes in product mix, continued success in technological advances and delivering technological innovations, shortages in components, production delays due to performance quality issues with outsourced components, and various other factors beyond the company's control.
SOURCE: PSI-TEC Corp.
Thinkbig Media for PSI-TEC Corp.
Carrie Altuvilla, 949-330-6055
Mobile: 661-312-6952
carrie@thinkbigmedia.com
Copyright Business Wire 2005
Gd2Aussie3
19 years ago
Sprint Nextel, Amazon, Boeing, Lucent
By MarketWatch
Last Update: 8:50 PM ET Oct. 25, 2005
SAN FRANCISCO (MarketWatch) -- Among the companies whose shares are expected to see active trade in Wednesday's session are Sprint Nextel Corp., Amazon.com Inc., Boeing Co., and Lucent Technologies Inc.
Anheuser-Busch Cos. Inc. (BUD:
Anheuser-Busch Companies, Inc.
News, chart, profile
Last: 41.75-0.17-0.41%
8:04pm 10/25/2005
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FinancialsMore BUDBUD41.75, -0.17, -0.4%) is expected to report third-quarter earnings of 80 cents a share, according to analysts polled by Thomson First Call.
Boeing Co.'s (BA:
Boeing Co.
News, chart, profile
Last: 66.97-0.35-0.52%
8:04pm 10/25/2005
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FinancialsMore BABA66.97, -0.35, -0.5%) third quarter is expected to show per-share earnings of 80 cents.
ConocoPhillips (COP:
conocophillips com
News, chart, profile
Last: 62.44+2.14+3.55%
8:04pm 10/25/2005
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FinancialsMore COPCOP62.44, +2.14, +3.5%) is seen posting a per-share profit of $2.56 in its third quarter.
Lucent Technologies Inc.'s (LU:
Lucent Technologies Inc.
News, chart, profile
Last: 3.11-0.05-1.58%
8:05pm 10/25/2005
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FinancialsMore LULU3.11, -0.05, -1.6%) fourth quarter results are expected to show earnings of 5 cents a share.
For the balance of the article go to:
http://aolpf5.marketwatch.com/news/story.asp?dist=feed&siteid=aolpf&guid={2BDB1E50-DAF0-4B8A....
G'day Mates.
Aussie
Gd2Aussie3
19 years ago
Eye On Stocks
Eye On Stocks For Wednesday, Oct. 26
Peter Kang, 10.25.05, 6:55 PM ET
Shares of Amazon.com fell 7.7% in the extended-trading session after the Internet retailer reported lower-than-expected third-quarter profit. Amazon posted earnings of 7 cents per share on sales of $1.86 billion. Analysts surveyed by Thomson First Call expected earnings of 10 cents per share on sales of $1.84 billion. The company projected fourth-quarter and fiscal 2005 guidance, which tracked slightly below analysts' forecasts.
Flextronics (nasdaq: FLEX - news - people ) was also battered in late trading as the electronics manufacturing services firm posted disappointing second-quarter results and guided to the downside for the third quarter. Flextronics announced income of 17 cents per share on sales of $3.88 billion, compared with analysts' estimates of 19 cents per share in earnings on sales of $4.11 billion. Third-quarter earnings are expected to range from 18 cents to 20 cents per share on revenue of $4.0 billion to $4.2 billion, lower than the current Street estimate of 25 cents per share in earnings and revenue $4.56 billion.
Lucent Technologies (nyse: LU - news - people ) is set to announce fourth-quarter earnings on Wednesday before the start of trading. The Wall Street consensus calls for the telecom equipment maker to report earnings of 5 cents per share on revenue of $2.46 billion, compared with year-ago earnings of 4 cents per share on revenue of $2.40 billion. Credit Suisse First Boston maintained a "neutral" rating and price target of $3.10 on the stock last Tuesday after Lucent announced a four-year contract with Cingular Wireless to provide IP Multimedia Subsystem (IMS) services. Lucent has "right-sized itself for survival," said CSFB, but concerns remain regarding the company's ability to generate profit amid a projected slowdown in capital spending by U.S. telecoms. "To better leverage its modest growth profile, we believe that Lucent will need to undertake another round of restructuring or to exit certain non-strategic business lines," it said.
F5 Networks (nasdaq: FFIV - news - people ) announced a fourth-quarter profit well above analysts' expectations and provided upside guidance for the fiscal first quarter. The network equipment maker posted earnings of 47 cents per share, on a pro forma basis, on sales of $80.6 million. Analysts expected earnings of 38 cents per share on sales of $77 million. F5 said first quarter income will range from 44 cents to 45 cents per share with sales projected in a range of $85 million to $87 million, compared with current Wall Street estimates of 38 cents per share in earnings on sales of $82 million. The stock jumped 15% in after-hours trading.
Infospace (nasdaq: INSP - news - people ) shares surged 16% in late trading after the company beat third-quarter earnings forecasts and issued upside fiscal 2005 guidance. The Internet and mobile technology firm announced adjusted earnings of 32 cents per share, compared with the consensus estimate of 18 cents per share. Sales also came in better than expected at $83 million, above the $77 million forecast. Infospace also offered upbeat guidance for the fourth quarter with earnings-per-share expected to range from 25 cents to 28 cents, compared with the Street forecast of 15 cents.
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Gd2Aussie3
19 years ago
Updated: 12:44 PM EDT
CTC Communications Selects Lucent Technologies Compact Switch for Next - Generation VoIP Services
MURRAY HILL, N.J., Oct. 25 /PRNewswire-FirstCall/ -- Lucent Technologies (NYSE: LU) today announced a contract with CTC Communications, a provider of converged communications services in the Northeast and Mid-Atlantic regions, for equipment and services from Lucent's Accelerate(TM) Next Generation Communications Solutions.
CTC is deploying Lucent Compact Switches, which will enable CTC to deliver tandem switching and advanced next-generation Voice over Internet Protocol (VoIP) services to small, medium and large business customers throughout the Northeast and Mid-Atlantic regions while reducing the company's operating and maintenance expenses.
Lucent Worldwide Services will provide maintenance, deployment support and integration services.
"We were looking for a solution that enabled us to offer our customers the latest advanced switch architecture while maintaining carrier class reliability and traditional telephone service offerings," said Aaron Bruneau, vice president, engineering and network operations, CTC Communications. "Lucent's solution allows CTC to satisfy our customers' needs while reducing operating and capital spending."
"Understanding the needs of an innovative telecommunications provider like CTC, we developed a cost-effective solution that enables an easy and efficient evolution to advance services with a competitive edge," said Gerry Cafaro, vice president of sales for Lucent Technologies. "Our solution offers CTC the flexibility they need to provide today's advanced services, as well as those that will become available in the future, and will allow them to grow efficiently to meet future customer demand."
The Lucent switch also can serve as a building block for carriers that choose to migrate to an IP Multimedia Subsystem (IMS) network to offer blended lifestyle services.
The Lucent Compact Switch can support from as few as 1,000 subscribers to more than 100,000 subscribers on a single integrated platform. Service providers can deploy the switch for end-office (Class 5) and tandem (Class 4) applications to replace an existing switch or as an addition to the network. In addition to providing VoIP, Internet off-load and gateway mobile switching center features, the compact switch also offers CALEA and E911 capabilities.
About CTC Communications
CTC Communications is the largest competitive provider of telecommunications services headquartered in New England. CTC offers a full range of voice, Internet and data service solutions, dynamically allocated on a next-generation, all-IP packet-based network. CTC's Cisco-powered IP+ATM packet network runs over a fully managed and CTC-owned fiber optic network from Maine to Maryland. CTC has provided cost-effective communication solutions since 1981 and is today part of Columbia Ventures Corporation's worldwide family of businesses. Visit CTC Communications online at www.ctcnet.com.
About Lucent Technologies
Lucent Technologies designs and delivers the systems, services and software that drive next-generation communications networks. Backed by Bell Labs research and development, Lucent uses its strengths in mobility, optical, software, data and voice networking technologies, as well as services, to create new revenue-generating opportunities for its customers, while enabling them to quickly deploy and better manage their networks. Lucent's customer base includes communications service providers, governments and enterprises worldwide. For more information on Lucent Technologies, which has headquarters in Murray Hill, N.J., USA, visit www.lucent.com.
SOURCE Lucent Technologies
10/25/2005 11:14 ET
Copyright © 1996-2005 PR Newswire Association LLC. All rights reserved.
G'day Mates.
Aussie
Gd2Aussie3
19 years ago
Spotlight Shines on Lucent
Scott Moritz
Investors will be hoping for a little illumination from Lucent Technologies Wednesday morning. The Murray Hill, N.J., telecom equipment giant is scheduled to deliver yet another installment in its familiar saga to balance solid wireless gains with slipping wireline gear sales. Wall Street is eager to see Lucent's fiscal fourth-quarter numbers and even more curious about the company's year-ahead forecast.
http://www.thestreet.com/_htmlbtb/tech/scottmoritz/10249162.html
Same Old Story at Lucent
By Scott Moritz
Senior Writer
9/16/2005 1:51 PM EDT
Click here for more stories by Scott Moritz
Lucent (LU:NYSE - news - research - Cramer's Take) watchers are getting a strong wireless signal, but weakness on the wireline side is keeping the stock in check.
This lopsided story has been replayed for several quarters as telcos shift their spending toward cell phone networks and advanced Internet gear, and away from Lucent's old-line phone switches.
With two weeks left in the quarter, investors and analysts say they aren't expecting any major departures from the familiar script when the networking equipment giant reports quarterly earnings next month.
In fact, Merrill Lynch analyst Tal Liani predicts Lucent watchers will experience a little bit of deja vu in the coming weeks, as the company offers an update. In a research note Friday, Liani says consolidation, employee cuts and a $900 million tax refund should boost Lucent's earnings by about 3 cents a share in the coming fiscal year starting in October. Liani has a neutral rating on Lucent.
The cuts are part of streamlining effort that began earlier this year. To trim costs, Lucent is combining its slumping phone gear business with its growing wireless division. The Murray Hill, N.J., tech giant is also reducing the number of contract manufacturers it uses to two -- Celestica (CLS:NYSE - news - research - Cramer's Take) and Solectron (SLR:NYSE - news - research - Cramer's Take) -- from five previously.
Over the past year, Lucent has cut 1,000 employees, bringing its head count to 30,800 as of the end of June.
Lucent will also have about $900 million in extra cash to help cover restructuring costs and employee severance expenses, thanks to a massive tax refund and more than $80 million in accrued interest. The company took advantage of federal tax rules that allowed it to take massive losses from 2001 and deduct them from a prior-year profit.
Liani says the cost savings and positive impact from the tax rebate will likely provide Lucent with a brighter outlook when the company provides guidance for fiscal 2006 starting next month.
Still, Lucent watchers have seen this drama play out several times before, and they are reluctant to take any positive claims on faith.
"We remain skeptical of the company's wireline fortunes," Moors & Cabot analyst Matt Hoffman wrote in a Lucent note Thursday. In reiterating his neutral rating on the stock, Hoffman says doubts about Lucent's ability to coax some growth out of the nonwireless side of the business are "tempering our overall enthusiasm for the shares."
Lucent shares were down 4 cents Friday to $3.05, while telecom networking rival Nortel (NT:NYSE - news - research - Cramer's Take) was up 4 cents to $3.17.
But Lucent fans see a respectable pipeline of orders from outfits like Cingular, the wireless service provider co-owned by SBC Communications (SBC:NYSE - news - research - Cramer's Take) and BellSouth (BLS:NYSE - news - research - Cramer's Take). And financially, Lucent is on strong footing thanks to a $900 million tax rebate. The company took advantage of federal tax rules that allowed it to take massive losses from 2001 and deduct them from a prior-year profit.
The company has also cut 1,000 employees as of June and is expected to report that it has dismissed more of its 30,800-member workforce.
Lucent has been busy relocating a good portion of its software research and development to India and China. CEO Pat Russo is said to be very impressed with the progress on this front in India, according to one Lucent insider.
Analysts expect Lucent to post earnings of a nickel a share on sales of $2.46 billion. The much-watched gross margins are expected be around 44%. Anything below 42% will likely be seen as trouble, says Charter's Snyder. But similarly, if Lucent widens margins beyond 45%, it could mean good things for the stock.
Lucent shares rose 7 cents Monday to $3.15.
Go to THESTREET.COM HOME PAGE | Go to BEGINNING OF STORY
G'day Mates.
Aussie
Gd2Aussie3
19 years ago
Updated: 04:55 AM EDT
O2 To Launch Faster 3G Network In UK's Isle Of Man Nov
LONDON -(Dow Jones)- O2 PLC (OOM.LN), the U.K. mobile telecommunications company, Thursday said it will launch a faster third-generation, or 3G, network in the Isle of Man on November 1.
It will be the first commercial launch in Europe of high-speed downlink packet access, or HSDPA, technology. This allows mobile operators to offer users much faster speeds than existing 3G networks. The network will offer speeds of 1.3 megabits-a-second and provides theoretical maximum speeds to 14.4 mbs.
The launch is in partnership with telecoms equipment manufacturer Lucent Technologies (LU).
Company Web site: Http://www.o2.com
-By Nic Fildes, Dow Jones Newswires; 44-20-7842-9264; nicolas.fildes@ dowjones.com
(END) Dow Jones Newswires
10-20-050428ET
Copyright (c) 2005 Dow Jones & Company, Inc.
Copyright (C) 2005 Dow Jones & Company, Inc. All Rights Reserved.
2005-10-20 04:28 -04
Copyright (C) 2005 Dow Jones & Company, Inc. All Rights Reserved.
G'day Mates.
Aussie
Gd2Aussie3
19 years ago
Updated: 10:11 AM EDT
Lucent Technologies and Cingular Turn on HSDPA after Upgrading UMTS Networks in Seattle and Phoenix
ATLANTA & MURRAY HILL, N.J.--(BUSINESS WIRE)----- Cingular Becomes the First Carrier in the World to Provide UMTS Customers with Simultaneous Voice and Mobile High-Speed Data Services Over Commercial HSDPA Networks in Both Markets
Lucent Technologies (NYSE: LU) today announced that it has completed upgrades of Cingular Wireless' third-generation UMTS (Universal Mobile Telecommunications System) networks in Seattle and Phoenix to support HSDPA (High-Speed Downlink Packet Access) technology. Cingular is now using the HSDPA networks to provide simultaneous voice and mobile high-speed data service for customers currently subscribed to its UMTS service in those markets.
Lucent also is upgrading additional key markets across the United States and is poised to support Cingular's initial rollout of this advanced network, which supports a wide variety of high-bandwidth multimedia services including high-quality streaming video, fast downloads of high-resolution images and other large files, and interactive services and applications such as advanced gaming in the mobile environment. When used with HSDPA capable devices, Cingular customers will receive average data connection speeds between 400-700 kilobits per second with bursts over a Megabit.
"The successful upgrade of the Seattle market is just an indication of what Cingular plans to deliver to its mobile customers around the country," said Joe McCarthy, vice president of sales for Lucent Technologies. "We're working hard to ensure that Cingular Wireless will deliver new, powerful revenue-generating multimedia services in all of the markets Lucent supports in a timely fashion."
As part of Cingular's UMTS/HSDPA network deployment, Lucent is providing its end-to-end commercial UMTS solution, including Lucent's OneBTS(R) base stations (Node Bs) -- which support HSDPA -- Radio Network Controller (RNC), Serving GPRS Support Node (SGSN), and 3G Mobile Switching Center based on the Lucent Network Controller and Lucent Network Gateway.
Lucent Worldwide Services (LWS) is providing program management, network integration, site location and construction, engineering and installation, and RF design and optimization services for the Lucent-supplied networks throughout Cingular's deployment.
About Lucent Technologies
Lucent Technologies, headquartered in Murray Hill, N.J., USA, designs and delivers networks for the world's largest communications service providers. Backed by Bell Labs research and development, Lucent relies on its strengths in mobility, optical, data and voice networking technologies as well as software and services to develop next-generation networks. The company's systems, services and software are designed to help customers quickly deploy and better manage their networks and create new, revenue-generating services that help businesses and consumers. For more information on Lucent Technologies, visit its Web site at http://www.lucent.com.
Lucent Technologies Ichiro Kawasaki, 973-386-3479 (office) 973-477-4793 (mobile) kawasaki@lucent.com or Denise Panyik-Dale, 973-386-2983 (office) 973-943-0832 (mobile) dpanyikdale@lucent.com
10/18/2005 08:09 ET
© Business Wire 2005
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19 years ago
Updated: 08:02 AM EDT
SBC Communications Selects Lucent Technologies Multimedia Platform to Enable Anytime, Anywhere Access to Consumer IP Services; SBC to Deliver Innovative New IP Applications on Subscribers' Wireline and Mobile Devices
SAN ANTONIO & MURRAY HILL, N.J.--(BUSINESS WIRE)----SBC Communications Inc. (NYSE:SBC) today announced Lucent Technologies (NYSE:LU) will provide a comprehensive IP Multimedia Subsystem (IMS) platform that will help SBC integrate wireline and wireless services in new and powerful ways, and deliver anytime, anywhere access to a "grand slam" of next-generation Internet Protocol (IP)-based services - both wireline and wireless voice, high-speed Internet access and video.
The Lucent IMS platform, consisting of an array of IMS-related hardware and software products and applications, will enable SBC companies to share next-generation customizable IP-based services and applications across different consumer devices. SBC expects to begin introducing services enabled by the IMS platform in late 2006 or early 2007.
"This agreement is a significant step in SBC's continuing effort to build solutions around consumers' lifestyles," said John Stankey, SBC senior executive vice president - chief technology officer. "Lucent's IMS solution will help customers access and use IP-enabled voice, video and broadband data services regardless of where they're located, or which wireless or wireline device they're using at the time."
Cingular Wireless LLC, a joint venture between SBC and BellSouth (NYSE:BLS), and Lucent on Monday announced that Lucent also will provide its IMS platform to Cingular. While Cingular and SBC each will independently deploy their respective platforms, having a common platform supplier will enhance opportunities for SBC and Cingular to provide their customers a more seamless wireless/wireline experience.
IMS is an open, standards-based multimedia service architecture that brings together mobile and fixed IP services to enable anytime, anywhere access. In addition, IMS helps to create an environment in which more features can more easily be customized or added.
Lucent Worldwide Services will assist SBC companies in integrating the platform. This includes extensive multivendor integration and technical support services that will connect and maintain a critical link between SBC companies' core network, its new applications portal and its back-office billing and operations support systems.
"IMS-based services allow for enhanced, customized and personalized services that offer compelling value to consumers. IMS is truly a transformational step in network development with the potential to reshape and radically improve the customer experience," said David Heeren, vice president of sales for Lucent Technologies. "We are excited to work with SBC to help bring product and service integration from conception to reality."
Lucent IMS Solution Offering
SBC companies will deploy Lucent's IMS offering - part of Lucent's Accelerate(TM) Next Generation Communications Solutions portfolio - that consists of products and applications, both with unique Bell Labs developed enhancements and services.
SBC companies plan to implement a managed consumer Voice-over-IP service powered by the Lucent IMS architecture.
Among the products and applications are the Lucent Session Manager, including the service broker function; the Lucent Feature Server; Lucent Unified Subscriber Data Server; Lucent Network Controller; Lucent Network Gateway; Lucent Communication Manager with next-generation features; MiLife(R) Application Server and MiLife(R) SurePay(R) Solutions.
Financial terms of the contracts were not disclosed.
About SBC
SBC Communications Inc. is a Fortune 50 company whose subsidiaries, operating under the SBC brand, provide a full range of voice, data, networking, e-business, directory publishing and advertising, and related services to businesses, consumers and other telecommunications providers. SBC holds a 60 percent ownership interest in Cingular Wireless, which serves more than 51 million wireless customers. SBC companies provide high-speed DSL Internet access lines to more American consumers than any other provider and are among the nation's leading providers of Internet services. SBC companies also offer satellite TV service. Additional information about SBC and SBC products and services is available at www.sbc.com.
About Lucent Technologies
Lucent Technologies designs and delivers the systems, services and software that drive next-generation communications networks. Backed by Bell Labs research and development, Lucent uses its strengths in mobility, optical, software, data and voice networking technologies, as well as services, to create new revenue-generating opportunities for its customers, while enabling them to quickly deploy and better manage their networks. Lucent's customer base includes communications service providers, governments and enterprises worldwide. For more information on Lucent Technologies, which has headquarters in Murray Hill, N.J., USA, visit www.lucent.com.
SBC Communications Inc. Marty Richter, 314-982-1787 mrichter@sbcnews.us or Lucent Technologies: Denise Panyik-Dale, 973-386-2983 dpanyikdale@lucent.com or Mike Alva, 510-747-5148 malva@lucent.com
10/18/2005 06:30 ET
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