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Strategies & Market Trends : Strictly: Drilling II

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To: Frank Pembleton who wrote (9277)	3/12/2002 9:00:09 AM
From: Frank Pembleton	Read Replies (1) of 36161

Lucent sees revenue shortfall, profitability delayed Reuters, 03.12.02, 6:39 AM ET MURRAY HILL, N.J., March 12 (Reuters) - Telecommunications equipment maker Lucent Technologies Inc. (nyse: LU - news - people) on Tuesday said quarterly revenues would be lower than previously expected and its return to profitability will be further delayed because communications carriers are still scaling back their capital spending. Revenue for the fiscal second quarter ending this month will rise up to 10 percent from the first quarter, not the 10 to 15 percent Lucent had previously been targeting. The company's loss from continuing operations, excluding a range of items, should improve from the first quarter, it said. But ongoing uncertainty in the service provider market will most likely cause Lucent's return to profitability and positive cash flow to slip into fiscal year 2003, it said. Copyright 2002, Reuters News Service forbes.com

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