Saw this article, can any one confirm that they saw it in Forbes?
-----
Lucent Mulls a Tracking Stock for Optical Business, Forbes Says
Murray Hill, New Jersey, Jan. 23 (Bloomberg) -- Lucent
Technologies Inc., the world's No. 1 phone-equipment maker, is
considering a tracking stock for its fiber-optic business, Forbes
magazine said, without citing its sources. While sales of Lucent's
most advanced optical gear doubled in its fiscal first quarter,
the company expects total sales in the fiscal year to rise 17
percent. Fiber optics is spreading from its place in long-haul
telecommunications to local networks and, in the future, to
desktop computers and homes, Fortune said.
Lucent's profit in its fiscal first quarter ended Dec. 31
fell 23 percent as the Murray Hill, New Jersey-based company sold
less software than it expected and failed to get new fiber-optic
equipment out fast enough. |
