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Troubled Lucent searches for new CEO, profits

With the company's announcement that fourth-quarter profits fell 22 percent, the future CEO will face the challenging task of resurrecting a troubled but promising franchise in the Internet Age.

 

  latest developments 

With Lucent Technologies' announcement that fourth-quarter profits fell 22 percent, the future chief executive will face the challenging task of resurrecting a troubled but promising franchise in the Internet Age.

"Lucent is hitting a low in its short history, but there are a lot of strengths within the company. Somebody just has to remodel it."

- Bill Lesieur, Technology Business Research analyst

 


Wanted: CEO for troubled tech giant
The future Lucent Technologies chief executive will face the challenging task of resurrecting a troubled but promising franchise in the Internet age.

Lucent profits drop 22 percent
update The company's fourth-quarter profits fall 22 percent as the struggling telecom equipment giant beats revised Wall Street analyst projections by a penny.

Lucent replaces CEO, cuts outlook
The telecommunications equipment maker ousts chief executive Rich McGinn, replacing him with former chairman Henry Schacht in what analysts are saying is a much-needed overhaul.

previous coverage
Lucent CEO walks tightrope as stock stumbles
As the company's stock founders, a growing chorus of investors, analysts, and current and former employees say it may be time for Rich McGinn to step aside.

Lucent support of start-ups could point to problems
Amid its latest earnings warning this week, Lucent Technologies may have let slip two words that could hint at a larger issue the networking industry will face in the coming months: bad loans.