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| Author | Topic: Lucent Technologies (LU) |
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newsman |
1/28: Two of the semiconductor equipment industry's most powerful companies, Applied Materials and ASML, have agreed to work with Lucent Technologies on the development of Scalpel lithography systems: http://www.techweb.com/wire/story/TWB19990127S0013 |
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Bill Tarr |
1/28: Lucent Technologies on Thursday launched Lucent Speech Solutions, a new unit within the company dedicated solely to the delivery of speech products. Lucent Speech Solutions will deliver capabilities such as speech recognition, personal agent technology, and text-to-speech synthesis for a variety of customer applications -- all based on Bell Labs speech technology. These speech applications include solutions for communications service providers, desktop speech products for developers, enterprise messaging solutions, call routing and call transactions, according to Lucent. "Speech is the interface for the next generation of networks and represents a growing global market opportunity," said Dan Furman, Lucent Speech Solutions president, in a statement issued Thursday. The new Lucent division also announced the latest version of Lucent's text-to-speech synthesis (TTS) platform, the Lucent TTS engine. Additionally, Lucent Speech Solutions is expected to introduce a compact PCI Speech Processing Board: A standards-based, high-density board that will make Bell Labs speech technology available on more platforms, according to the company. Thursday's announcement follows on the heels of Wednesday's launch of the Lucent Personal Assistant, which is designed to provide a variety of call management functions using a natural language and voice-controlled user interface, officials said. The Lucent Speech Solutions division will be part of Lucent's Switching and Access Systems business unit. More information is available at www.lucent.com/speech. |
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Mr Bull |
I was a little disappointed by their latest report. Earnings were good, but revenue was below expectations (only 6% growth). I just don't think they're growing fast enough to be able to keep up with Cisco. Also, DSOs are up to 90. |
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InvestorGuide Weekly Administrator |
Latest earnings report: http://www.lucent.com/press/0199/990121.coa.html |
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Scott McCormick |
I found this on the Gartner Group site: Ascend gives Lucent a much stronger market presence in carrier marketplaces, both traditional and new; Ascend is a leading provider of frame relay switches and is particularly strong in selling frame relay, asynchronous transfer mode and remote access gear to nontraditional service providers such as Internet service providers. Such players have a voracious appetite for data networking equipment and Lucent is a minor player here. Hence, such a combination gives Lucent much stronger capabilities in data networking in the network service provider (NSP) marketplace. However, Ascend brings only a modest enterprise remote access capability. As such, the impact on the enterprise side is principally indirect: Lucent becomes a much larger data networking player but that position still needs to be translated into new product sets, and Lucent needs to leverage that expertise in the enterprise market. Ultimately, the acquisition will enable NSPs to better provide an array of new data offerings to enterprises. The Ascend acquisition should not change how enterprises view Lucent in the short term: mainly, as a strong supplier of voice products and a more limited supplier of data networking products. Even with the Ascend acquisition, we believe Lucent will still need substantial internal developments or acquisitions in enterprise data products to integrate the converged network products of the future. |
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eagle |
Lucent Technologies (LU) is down sharply despite posting first quarter earnings per share of $1.05 versus $0.86 one year ago on a 6% rise in revenue, beating the consensus estimate of $1.00. The company noted that some revenues were delayed to the second quarter. The company sees second quarter earnings doubling from year ago level's on revenue growth of about 30%. |
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Lee R |
I think the acquisition is a positive for LU and a negative for CSCO, although I don't think LU will have an easy time catching CSCO. With this acquisition they're getting some things they needed (ATM and frame relay switches, remote access products, etc.) but they still don't have the complete networking solution that makes buying CSCO products so compelling. |
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eagle |
On the other hand, Lucent does have to deal with issues such as these-- Lucent Must Swallow Ascend Without Losing Talent PALO ALTO, Calif. (Reuters) - It surprised no one when Lucent Technologies Inc. (NYSE:LU - news) at last unveiled a $18.5 billion offer to buy Ascend Communications Inc. (Nasdaq:ASND - news), but now the real work begins, integrating the disparate cultures of the East Coast and Silicon Valley companies without losing key engineers. Add to that a large overlap of products -- some analysts put it at 45 percent between the two companies -- and an entire country between their respective headquarters, and you get a tricky recipe for cooking up success. Full Story- http://dailynews.yahoo.com/headlines/tc/story.html?s=v/nm/19990118/tc/ascend_15.html
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dude |
The Ascend acquisition just shows how serious Lucent is about competing with Cisco. Lucent has acquired 11 companies in the last year and a half (including Kenan Systems last week), filling in the gaps in its product line. I'm usually not a fan of big acquisitions since they're pretty hard to integrate, but I do think this one makes sense. |
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InvestorGuide Weekly Administrator |
Lucent announced that it will buy Ascend for about $20 billion in stock, making it the largest networking merger ever. http://www.computerworld.com/home/news.nsf/all/9901144lucent |
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eagle |
Lucent is definitely on a buying spree for data networking companies, and I just read that they expect the Ascend deal to be neutral to earnings in fiscal 1999 and boost earnings 2 percent to 4 percent in 2000. How do you feel the stock price for 1999 will do assuming these conditions? |
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techwatcher |
Well, it's now official - Lucent is buying Ascend. Check your favorite news site for details. |
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Trader Joe |
Lucent might acquire Ascend: http://www.techweb.com/wire/story/reuters/REU19990111S0001 |
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InvestorGuide Weekly Administrator |
Upside has an excellent article about Lucent. http://www.upside.com/texis/mvm/story?id=36952d330 |
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newsman |
1/8: Lucent said that an accounting change would add $1.3 billion, or about 97 cents per share, to its earnings in the quarter ended Dec. 31. The company said the accounting change would allow it to better represent pension and post-retirement benefit expenses in its financial statement. The one-time, after-tax gain reflects the cumulative effect of the change for all periods from 1986 through fiscal year 1998, it said. Wall Street analysts had expected Lucent to report earnings of 98 cents per share for its fiscal first quarter ended Dec. 31, compared with 86 cents for the same period a year earlier. Lucent said the accounting change, plus the adoption of new retirement provisions, are expected to result in additional net income of roughly $170 million in fiscal 1999. "Lucent's benefit accounting practices will now be more in line with those of most major U.S. corporations," Donald Peterson, Lucent's executive vice president and chief financial officer, said in a statement. |
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