Lucent spins out of control

Lucent Technologies Inc. saved its worst profit warning for last.

Lucent Technologies Inc. saved its worst profit warning for last. Lucent said Thursday it will post a fiscal first quarter loss of 25 cents a share to 30 cents a share. The company also restated its fourth quarter results because of revenue recognition shenanigans and said it would restructure to save $1 billion. Full story. -- Larry Dignan, ZDII

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