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Strategies & Market Trends : ahhaha's ahs -- Ignore unavailable to you. Want to Upgrade?

To: Ahda who wrote (2383)	5/30/2001 12:27:06 PM
From: Ahda	Read Replies (1) \| Respond to of 24758

When costs exceed profit and the end result is this. To me there is something very melancholy about this as it amounts to many people being unemployed The tech ability surely was there but the cost control somehow got lost, or was it the costs became just to high and the debt factor was out of control. I tend to think the possibility of so many jobs going with no hope of a turn around had something to do with the the decision not to merge. Lucent's research arm, formerly known as Bell Labs, has been a wellspring of U.S. technological innovation over the years. Its 30,000 scientists have had a role in developing such landmark inventions as the transistor, the laser and superconductors. The new company would have a work force of more than 200,000 but would probably eliminate 20,000 to 30,000 jobs to cut costs, said analyst Sean Faughnan of Goldman, Sachs & Co. Financially plagued Lucent has announced plans to reduce its work force by up to 16,000 jobs as it streamlines operations and sells off some of its factories. Most job cuts resulting from the merger would probably occur in the U.S., where the two companies have the most overlapping operations, possibly creating political repercussions, Faughnan wrote in a research note to clients.