What is this all about ?? Any takers ??
Lucentcagey on PCCplans- paper
AMSTERDAM, Sept 29 (Reuters) - U.S. telecoms equipment maker
Lucent is cagey about its plans for PCC, its telecoms
joint venture with Philips , Dutch financial daily Het
Financieele Dagblad said on Tuesday.
The paper said Lucent's Dutch director Ben Verwaayen had
declined to comment on the future of the joint venture, in which
Lucent holds a 40 percent stake, because this "would not be
loyal to Philips."
"It would be very unsporting to lash out (at Philips) right
now," it quoted Verwaayen as saying.
Asked whether it would be logical for Lucent to hive off its
40 percent PCC stake in view of its strategy to concentrate on
business clients, Verwaayen said "If I were to explain the logic
behind that (PCC) interest, too much would become clear about
the situation."
"Reading between the lines, Lucent would clearly prefer to
bail out of PCC," Het Financieele Dagblad said.
((Amsterdam newsroom, +31 20 504 5000, Fax +31 20 504 5040,
amsterdam.newsroom@reuters.com))
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