Lucent spins out of control

Summary: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

Topics: Tech Industry

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