Short Take: Lucent restructures business units
Lucent announced that it is restructuring its three business units into 11 groups. The move is designed to improve the speed with which new product offerings are brought to customers and bring greater focus to high-growth areas such as wireless, semiconductors, data networking, and optical networking. The internal changes will take effect November 1 and are not expected to yield any charges to the quarter. Customers should not notice any changes in their dealings with Lucent either, a spokeswoman said.
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