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.