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Lucent revises estimates, plans chip spinoff

The largest provider of telecom equipment in North America continues to move to streamline its business in the aftermath of last year's first earnings disappointment.

 

  latest developments 

The largest provider of telecom equipment in North America continues to move to streamline its business in the aftermath of last year's first earnings disappointment.

"The microelectronics business is a fast-growing business, and its products are in great demand,"

- David Toung, Argus Research analyst

 


Analysts take a look at Lucent's spinoff strategy
The company is spinning off its chipmaking and fiber-optics component business for one big reason: to make more money off of rivals.

Lucent tops estimates, warns of slow growth
update The communications equipment maker reports better-than-expected third-quarter earnings, with a warning of weaker growth ahead, and announces plans to spin off its microelectronics unit.

Lucent wins $250 million to speed AT&T's wireless network
AT&T Wireless taps the phone equipment maker to build a high-speed voice and data infrastructure for the unit's fixed wireless network.

previous coverage
Telecom start-up grabs Lucent investment
KMC Telecom raises $182 million in funding from Lucent Technologies and other investors, as it aims to strengthen its foothold in the fiber-optic networking market.

JDS strikes $41 billion deal to fill strategy hole
update Fiber-optic technology maker JDS Uniphase acquires SDL, a maker of fiber-optic network lasers, in one of the largest technology acquisitions ever.