Tough Times For Lucent

A strong signal the telecom equipment market is still a tough environment is Lucent Technologies’ warning that its fiscal third-quarter revenue will fail to meet expectations due to weak sales in the U.S. and China. Lucent said revenue will be $2.04-billion, compared with earlier forecasts of $2.34-billion. Alcatel also said well-respected Mike Quigley will not become COO of Alcatel-Lucent but, instead, president, science, technology and strategy. Sounds like a demotion to me.


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

%d bloggers like this: