Formerly About Applied Materials Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Formerly About Applied Materials

AMAT 341.38

+3.7%

2:29 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: John Trader who wrote (47784)	6/8/2001 4:33:27 PM
From: Gottfried	Read Replies (2) of 70976

John, OT *** telecom This just in by e-mail >FRANKFURT, June 8 (Reuters) - The telecoms market may suffer for another 12-18 months until operators have cut their debt burdens, Ben Verwaayen, vice chairman of equipment maker Lucent Technologies was quoted telling a German newspaper on Friday. "Only when the debt mountain has been cut will telecoms companies start to invest again and prospects for the sector improve," he said in an extract from an interview with the Frankfurter Allgemeine Zeitung released ahead of publication on Saturday. Lucent, the struggling equipment maker which recently dropped merger talks with France’s Alcatel, is in the middle of a restructuring programme which will see it sell businesses and cut thousands of jobs in an effort to stem billions of dollars in losses and cut its own massive debt burden. Lucent and other communications equipment makers have been hurt by faltering U.S. economic growth and a slowdown in spending by telephone and Internet service customers. Verwaayen said negotiations to sell Lucent’s fiber optic unit were proceeding on track but he gave no details.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next