posted 07-20-2000 07:17 PM         

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Company Name (Ticker): reported, expected, same q last year

Lucent Tech (LU): $0.30, $0.29, $0.26

posted 06-09-2000 11:25 AM         

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Interesting comparison of Cisco and Lucent using what is called the Flow Ratio. No surprise here - Cisco kills Lucent when judging based on this metric. But still worth a read:

Cisco vs. Lucent

posted 05-31-2000 06:37 PM         

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In brief:

- Lucent Technologies confirmed that it is acquiring the 93% of optical networking equipment maker Chromatis Networks that it does not already own for about $4.5 billion in stock.

posted 04-26-2000 10:01 AM         

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Worth magazine ranked Richard McGinn #27 on its top CEOs list. Here's what they said:

"Wasn't Bell Labs answering its own phone last year when the telecom industry began clamoring for cutting-edge, fiber-optic gear? Failure to keep pace with new demand caused parent company Lucent to stumble last quarter, losing customers to nemesis Nortel Networks and suffering a stiff 23 percent drop in net income. But McGinn, who falls from No. 11 on last year's list, moved aggressively to assure owners of America's most widely held stock that it wouldn't happen again: He announced plans to streamline the company by converting PBX, business cabling systems, and LAN-based data units into a separate enterprise to be spun off; he promised to expand Lucent's production of fiber-optic cable by 60 percent; and, as an encore, he announced a $100 million network design deal with China Unicom and others. Wall Street rewarded his double-time recovery by boosting Lucent stock back into the $70 range, and despite that one lacking quarter, Lucent saw 20 percent revenue growth last year and $38 billion in sales. Meanwhile, world-leading Bell Labs continues eating up ground in the race to perfect super-fast, super-cheap photon technology. BUSINESS PHILOSOPHY: Find the line between audacious and impossible. "Four years ago, the businesses that became Lucent were growing in single digits," says Lucent executive vice-president Patricia Russo. "We thought Rich was a little crazy when he said he wanted to grow the top line in double digits. But we did it four years in a row." MANAGEMENT STYLE: Bred as a salesman, McGinn understands the power of commissions: He ties pay and budgets--in nearly every branch of the company, including R&D--to performance. WORK HABITS: Occasionally substitutes a sport shirt buttoned to the neck, for a dress shirt and tie, and likes to pad around his office in socks. personal STRENGTH: Disarming wit. weakness: Foot-jiggling impatience. CORPORATE GOAL: Dust Nortel in the race to dominate optical gear supply, the frontier of both voice and data transmission. PASSIONS: Deep-sea fishing and endurance sports (he still competes in Ironman-style triathlons). FAMILY TIES: A 10-year-old daughter he still drives to school each morning and a 5-month-old son. financial REWARD: Total compensation exceeds $6 million."

posted 03-22-2000 01:54 PM         

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For those having trouble keeping tabs, here is a nice acquisition summary I found for the big three:

Nortel Buys
-- CoreTek, an optical components manufacturer for $1.43 billion in stock March 21.
-- Xros, a photonics switching manufacturer for $3.25 billion in stock March 14.
-- Qtera, a manufacturer of long reach optical networking systems for $3.25 billion in stock December 15.

Lucent Buys
-- Ignitus Communications, a manufacturer of optical components at the network edge, March 14. Terms not disclosed.
-- Ortel, an optoelectric components manufacturer for $2.95 billion in stock February 7. Through the deal, Lucent gained a valuable minority interest in privately held Tellium, a well-regarded manufacturer of optical switching products.
-- SpecTran, a manufacturer of specialty optical fibers and products for $64 million in cash July 15.

Cisco Buys
-- Pirelli Optical, the optical systems business of the Milan, Italy-based company for $2.15 billion in stock December 20.
-- Internet Engineering Group, an optical networking software maker for $25 million December 17.
-- Cerent Corp., a manufacturer of optical networking hardware for $6.9 billion in stock August 26.
-- Monterey Networks, an optical transport networking equipment company for $500 million in stock August 26.
-- StratumOne Communications, a manufacturer of semiconductor products for high speed, wide area networks for $435 million in stock June 29.

All times are EST (US)