THREAD ---The actual numbers--Lucent Technologies Inc.
Dow Jones Newswires -- January 21, 1999
Lucent Tech 1Q Op Net $1.05 A Diluted Share Vs 86c
Lucent Tech - Murray Hill, N.J.
1st Quar Dec. 31:
1998 1997
Revenue $9,204,000,000 $8,724,000,000
Net income a 2,708,000,000 b 1,124,000,000
Shr earns (basic)
Net income a 2.06 b .87
Shr earns (diluted)
Net income a 2.00 b .86
a. Includes gain of $1.31 billion, or 96 cents a share, for a change in pension and post-retirement
benefit accounting; and a charge of $14 million, or 1 cent a share, for in-process research and
development from the acquisition of Quadritek. Excluding items, operating income was $1.41 billion,
or $1.07 a basic share and $1.05 a diluted share.
The latest first quarter also includes income of $65 million, or 5 cents a share, as a result of the
change in the company's pension and post-retirement accounting, as well as other benefit provisions.
b. Includes $427 million charge associated with the acquisition of Livingston Enterprises and a $95
million gain for the sale of Advanced Technology Systems business. Excluding items, the company
earned $792 million, or 61 cents a share.
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