Lucent revenues fall, staff cuts expected
Adjust font size:
Manufacturing News, Source : TheManufacturer.com
Published : 13 Sep 2002 20:31
Citing a drop in demand, Lucent Technologies has said its revenues may fall as much as 25% in the current quarter.
The New-Jersey based company announced 7,000 layoffs in July, and more job cuts are expected. It will report fourth-quarter results on October 23 and expects pro forma losses of 45 cents on revenues of $2.21-2.36 billion. The company has said it is continuing to work toward a return to profitability by the end of fiscal 2003.
Comments on this story
click here to add a comment
You must be registered & logged in to add comments
already have an account and just want to login?
Related Content
Guest Editorial: Checklist - Seven Recommendations for Improved Profits
by Abbott A. Imberman, PhD, Professor of...
more…
FKI LOGISTEX OPENS NORTH AMERICAN TECHNOLOGY & EDUCATION CENTER (TEC)
(St. Louis, Missouri, USA: July 10, 2007) FKI...
more…
Guess selects the tradecard platformand SourceView suite to optimize global trade
NEW YORK, July 10, 2007 – TradeCard Inc., the...
more…
Kimberly-Clark Professional Crosses Final Touchless Frontier With Introduction of First Electronic Bath Tissue Dispenser
ROSWELL, Ga. (July 9, 2007) – Kimberly-Clark...
more…
Boeing Celebrates the Premiere of the 787 Dreamliner
EVERETT, Wash., July 08, 2007 -- Today, Boeing...
more…
no comments yet...