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Strategies & Market Trends : China Warehouse- More Than Crockery
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To: RealMuLan who wrote (2530)1/21/2004 10:41:19 PM
From: RealMuLan  Read Replies (1) of 6370
 
China, Wireless Save Lucent

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Thanks to growth in its mobility division, specifically its CDMA wireless networking business in China, Lucent Technologies Inc. (NYSE: LU - message board) continues its battle back to profitability in the first fiscal quarter of 2004, as the company announced improved profits and revenues from the prior quarter (see Lucent's Back in Black ).

Lucent logged net earnings of $338 million, or 7 cents per share. After subtracting 4 cents in one-time gains, the company had earnings of 3 cents per share, beating expectations of breakeven results, according to Reuters Research. The company logged $2.26 billion in revenue, up 11 percent from the fourth fiscal quarter of 2003.

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