Word: lucent
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...Technologies had a pension deficit of $32 million, according to revised estimates by UBS Warburg. We attributed our figures to a UBS study, but after we published the story, UBS amended its estimates, saying it found it had begun its study with faulty data. In addition, UBS says that Lucent's pension plan probably swung to a deficit by the end of September. We regret the errors...
...Lady of the lucent hair, Why do you play at solitaire?... Let two-and-fifty rivals hiss me - For God's sake, girl, come here and kiss...
Lots, say lawyers representing approximately 44 million customers in a $10 billion class action against AT&T, which administered the post-Ma Bell leasing program from 1984 to 1996, and Lucent, its consumer-products spin-off, which runs the program today. The suit, set for trial Aug. 5 in Illinois, alleges that after the Bell breakup, AT&T failed to adequately inform customers of their options to lease, purchase or return their old telephones. Customers who took no action continued to be charged for renting their phones, a fee recorded on their bill in vague line items like TRAD...
...didn't try to be critical of the men. I did use three examples. Rick Thoman of Xerox is one. Richard McGinn of Lucent is another. And Mike Armstrong of AT&T. I pointed out in all three cases that I didn't think the way they were operating the company was consistent with being able to execute. These are decent men, and I like them. I hope when all is said and done, they take it for the teaching value of it, rather than as a personal criticism...
...make them faster and smaller serve as a leading indicator for the economy. A surge suggests that many manufacturers are ramping up. One risk: these stocks could drop 50% in a blink if the recovery is weak or delayed. And that's no long shot. Key clients like LUCENT remain financially strapped...