lucent ! boden da ?

wer ist mit rein?

www.heise.de/newsticker/data/jk-23.10.00-006/

Lucent wird die Pläne hinsichtlich des Spin-off der Microelectronics Division weiter treiben und auch dabei bleiben, das Stromversorgungsgeschäft verkaufen.

Lucents Probleme sind vielschichtig: Zuerst blieb man zu lange bei traditionellen Telefon-orientierten Vermittlungsnetzen stehen, sprang dann zu spät auf den Zug zu Fiber-optischer Übertragung auf und lief so den Wettbewerbern hinterher. Die bereit gestellten Produktionskapazitäten waren zu gering, man konnte nicht liefern und verprellte Kunden. Hoffnungen, diese Probleme bis Mitte des Jahres in den Griff zu bekommen, haben sich nicht erfüllt.

Nach dem nochmals schlechten ersten Quartal 2001 will Lucent aber schrittweise besser werden. Details wurden noch nicht bekannt. Restrukturierungsaufwendungen wurden in der heutigen Gewinnwarnung nicht benannt. Beobachter gehen davon aus, dass Lucent Personal entlassen, die Bürokratie verschlanken und die Entwicklungszeiten beschleunigen muss. Das könnte neue Phantasie bei den OEM-Lieferanten von Lucent wecken.

Nachdem der Kurs der LU-Aktie im frühen Handel einbrach, kann er sich mittlerweile bei 22-1/4 US-Dollar stabilisieren. Das ist immer noch ein Minus von 1,7 Prozent. 52-Wochen Bereich zwischen 20 und 84-3/16 US-Dollar.  
 
17:16 23.10 Klaus Singer
-------------------------

 




News  
Printer version


October 23, 2000 11:33

****Lucent Ousts CEO, Quarterly Report Out Today
MURRAY HILL, NEW JERSEY, U.S.A., 2000 OCT 23 (NB) -- By Dick Kelsey, Newsbytes. Phone equipment maker Lucent Technologies [NYSE:LU], near the bottom of a 76 percent loss in shares over the past 11 months, has ousted Chairman and CEO Richard McGinn.
The board called in former CEO Henry Schacht to run the company and oversee the search for a successor. The board of directors asked McGinn to step down over the weekend after reviewing its performance and outlook for the current quarter, Lucent said in a news release.

After the markets close today, Lucent will issue its fiscal fourth quarter earnings report, which were originally scheduled to be released Tuesday morning. The company said that it expects pro forma revenue for the current quarter to decline about 7 percent and break-even pro forma earnings per share.

On Oct. 11 Lucent shares lost a staggering 32 percent when the company, for the third time this year, told investors that profits would fall short of expectations. In early trading today Lucent shares were down 12 cents, or .55 percent, at $22.50, compared to a 52-week high of $84.19.

Schacht retired from Lucent in 1998 and last March was brought out of retirement to head Lucent spin-off Avaya Inc. Schacht will remain on Avaya's board but leaves the CEO post immediately.

aber noch nicht ausreichend. Es sieht so aus, daß Lucent einige wichtige Weichenstellungen im optischen Netzwerkbereich nicht oder sehr spät vorgenommen hat. Außerdem dürften wichtige Kunden aufgrund der früheren Lieferunfähigkeit nachhaltig weg sein. Lucent wird zwei Sparten ausgliedern und einen neuen CEO suchen. Damit ist Lucent etwas für Turnaround-Spekulanten noch lange nicht jedoch geeignet, wenn man einen vielversprechenden optischen Netzwerktechniker im Depot haben möchte. Dann lieber zu Nortel, Corning oder JDS Uniphase greifen, da stehen den Chancen weitaus geringere Risiken gegenüber.

Gruß furby

"We have already begun a number of initiatives to sharpen our execution, reduce complexity and increase our efficiencies," said Deborah Hopkins, Lucent's chief financial officer. Hopkins said that these initiatives include an intense review of Lucent's product portfolio to align resources against the highest value opportunities. Additionally, these initiatives also include consolidating Lucent's corporate infrastructure, re-deploying the company's marketing and sales resources to align them with the highest growth opportunities, improving supply chain management and implementing a new customer ordering system. As previously announced, the company expects to take a restructuring charge in the quarter ending Dec. 31, 2000, to cover these activities.

"We intend to create a new Lucent -- a dynamic company that, in the long term, will be stronger, more focused and better positioned to capitalize on the opportunities that exist in this robust and growing market," Hopkins added.

Revised Expectations for First Fiscal Quarter of 2001

Hopkins said that Lucent expects pro forma revenues from continuing operations will decline about 7 percent from the prior year, and pro forma earnings per share from continuing operations will break even for the first fiscal quarter of 2001. The company also said it expects results from operations to improve sequentially each quarter for the rest of the fiscal year. This guidance does not include the effect of plans for a business restructuring charge. She noted that the company will provide revised guidance for fiscal year 2001 when it reports its first fiscal quarter earnings in January. These revised expectations reflect the continuing issues related to the deployment of the OC-192 optical system; the continuing decline in switching hardware and software sales; the anticipated revenue impact of realigning sales resources; and aggressively investing in the next generation of wireless, optical and data products.

Results on an as-reported basis

On an as reported basis, revenue from continuing operations for the fourth fiscal quarter of 2000 increased 12.1 percent to $9.4 billion compared to $8.3 billion in the year-ago quarter. After including charges of $131 million for purchased in-process research and development related to the acquisition of Spring Tide, $335 million in amortization of goodwill and acquired technology, and a $433 million (or 13 cents per share) net loss from discontinued operations, Lucent's as reported results for the quarter were a net loss of $225 million, or 7 cents per share, compared with net income of $947 million, or 29 cents per share, in the year-ago quarter.

For the fiscal year ended Sept. 30, 2000, on an as reported basis, revenue from continuing operations increased 12.7 percent to $34.5 billion compared to $30.6 billion a year ago. After including certain one-time items and amortization of goodwill and acquired technology(2), Lucent's as reported net income was $1.5 billion, or 44 cents per share, compared with net income of $4.8 billion, or $1.49 per share, for the fiscal year ended Sept. 30, 1999.

A Review of Fourth Fiscal Quarter Performance

Commenting on the results for the fourth fiscal quarter of 2000, Hopkins said, "Three key issues negatively impacted our performance. We saw lower-than-expected revenues and gross margins in our optical business, due primarily to being late to market with our OC-192 product and the effect that had on the entire product cycle, from engineering and manufacturing to deployment and launch. We also experienced lower-than-expected revenues and margins from switching products. And specific credit concerns in the growing emerging service provider market led us to increase our reserves for bad debt related to trade receivables."

During the quarter, the company showed strong revenue growth in its Internet infrastructure, professional services and Microelectronics and Communications Technologies businesses. Lucent completed its spin off of the enterprise business on Sept. 30, 2000. As previously announced, Lucent also plans to spin off its microelectronics business, which includes the optoelectronics components and integrated circuits (IC) divisions.

   REVIEW OF OPERATIONS - THREE MONTHS ENDED SEPT. 30, 2000
   Service Provider Networks
   Revenues increased by 4.8 percent over the year-ago quarter to
$7.2 billion, driven by growth in the company's service provider Internet
infrastructure and professional services businesses.  This increase was fueled
by strong sales to competitive and incumbent local exchange carriers.
   Within the U.S., revenues increased 3.4 percent, impacted by a decline in
sales to one customer, which decreased 48 percent over the year-ago quarter.
Without that one customer, sales within the U.S. would have increased
21 percent quarter over quarter.  Revenues outside of the U.S. represented
approximately 33.8 percent of total service provider revenues and increased
7.6 percent as sales growth continued to be adversely affected by the
substantial reduction of a major long-term foreign project.  Excluding the
impact of this project, revenues outside of the U.S. would have been
22.7 percent higher than the year-ago quarter.
   For the 12 months ended Sept. 30, 2000, revenues increased 9.5 percent to
$27.2 billion.

   Since July, the Service Provider Networks group:

   -- Announced agreements worth up to $3.5 billion from a wide range of
      broadband, wireless and optical networking projects.
   -- Entered into major agreements with WINFirst, SBC Communications and
      Telemar of Brazil to launch Lucent's next-generation Internet
      infrastructure products.  The 7R/E switching solution was included in
      these agreements to provide a smooth transition from circuit to packet
      networks.
   -- Provided Lucent softswitch technology to Sprint to help manage the data
      and Internet traffic across its nationwide network.
   -- Announced agreements with Net2Wireless, Sanyo and MapInfo, among
      others, to develop applications and services for the mobile Internet.
   -- Shipped the industry's first all-optical switch to Global Crossing for
      live network testing -- routing 2.5 gigabit traffic between New York
      and England.
   -- Turned up commercial service on a 10-gigabit optical network for
      China's Beijing Telecommunications Administration and announced a
      contract with China's Fujian Mobile Communication Co. Ltd. to build
      three 10-gigabit backbone optical networks in the Fujian Province.
   -- Added two new models of its highly successful Stinger DSL line of
      access concentrators; introduced the OCELOT(tm) software system, which
      increases the capacity and coverage of current and third generation
      (3G) wireless networks; introduced a new business performance software
      package for service providers called VitalSuite SP; and unveiled
      Contact Assist software that provides rapid, personalized assistance on
      e-commerce Web sites.

Microelectronics & Communications Technologies (M&CT)

Revenues increased by 58.9 percent over the year-ago quarter to $2.1 billion, reflecting growth in optoelectronic components and increased sales of optical fiber, power systems, wireless networking systems and customized chips for high-speed communications and storage products.

Within the U.S., revenues increased 80.9 percent over the year-ago quarter. Revenues outside the U.S. increased 34.6 percent and represented approximately 40.2 percent of total M&CT revenues.

For the 12 months ended Sept. 30, 2000, revenues rose 38.3 percent to $7.0 billion.

Since July, the Microelectronics and Communications Technologies Group:

   -- Introduced the executive leadership of the planned Microelectronics
      spin off:  John Dickson will be president and CEO, and John Young,
      former CEO of Hewlett-Packard, will be the chairman.
   -- Unveiled the industry's first 20-channel tunable integrated laser
      module for high-speed optical networking systems and unveiled an
      InfiniBand(tm) system chip for speeding up Internet data flow across
      computer networks.
   -- Entered into a $700 million research and development agreement with
      Chartered Semiconductor, its manufacturing partner in Singapore.

DISCONTINUED OPERATIONS

On Sept. 30, 2000, Lucent Technologies completed the spin off of its enterprise networks business, which is now known as Avaya Inc., and has accounted for the financial results of that business as discontinued operations. The results from discontinued operations for the quarter were a net loss of $433 million.

Lucent's financial results for discontinued operations will differ from the results reported by Avaya due to different assumptions and allocations required to be made by the two companies.

GROSS MARGIN

As a percentage of pro forma revenue from continuing operations, the gross margin for the quarter was 39.2 percent, a decrease of 6.2 percentage points over the year-ago quarter. The margin erosion was primarily due to: decreased volumes and margins in the optical and switching businesses; increased pricing pressures in our other businesses; and Lucent's expansion into overseas markets.

EXPENSES

Selling, general and administrative expenses (SG&A), excluding one-time events in the prior fiscal quarter and goodwill and acquired technology amortization, were $1.7 billion, an increase of 14.7 percent from the year-ago quarter. The increases were primarily due to specific credit concerns in the emerging service provider market that led to increasing reserves for bad debt related to trade receivables. As a percentage of revenue, SG&A expenses were 17.9 percent for the quarter, unchanged from the fourth fiscal quarter of 1999.

Research and development spending was 11.1 percent of overall revenues for the quarter.

The quarterly earnings conference call will take place at 5:00 pm EDT and be broadcast live over the internet at www.lucent.com/investor/conference/webcast.

Lucent Technologies, headquartered in Murray Hill, N.J., USA, designs and delivers the systems, software, silicon and services for next-generation communications networks for service providers and enterprises. Backed by the research and development of Bell Labs, Lucent focuses on high-growth areas such as broadband and mobile Internet infrastructure; communications software; communications semiconductors and optoelectronics; Web-based enterprise solutions that link private and public networks; and professional network design and consulting services. For more information on Lucent Technologies, visit its Web site at www.lucent.com.

This news release contains forward-looking statements based on current expectations, forecasts and assumptions that involve risks and uncertainties that could cause actual outcomes and results to differ materially. These risks and uncertainties include price and product competition, dependence on new product development, reliance on major customers and suppliers, customer demand for our products and services, the ability to successfully integrate acquired companies, availability of manufacturing capacity, components and materials, control of costs and expenses, international growth, credit concerns in the emerging service provider market, general industry and market conditions and growth rates and general domestic and international economic conditions including interest rate and currency exchange rate fluctuations. For a further list and description of such risks and uncertainties, see the reports filed by Lucent with the Securities and Exchange Commission. Lucent disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

All earnings per share reported in this release are diluted EPS figures.

   (1) Pro forma net income/EPS excludes the enterprise networks business
       that was spun off Sept. 30, the consumer products business,
       amortization of goodwill and acquired technology and one-time events,
       including purchased in-process research and development.  Pro forma
       revenues exclude the enterprise networks business and the consumer
       products business.

   (2) Fiscal 2000 included $1.0 billion for purchased in-process research
       and development related to acquisitions, $551 million of goodwill and
       acquired technology amortization, merger-related costs of $61 million,
       a $189 million gain on the sale of an equity investment and a
       $462 million net loss from discontinued operations.  Fiscal 1999
       included $292 million for purchased in-process research and
       development related to acquisitions, $310 million amortization of
       goodwill and acquired technology amortization, merger-related costs of
       $237 million, a $274 million gain on the sale of an investment, net
       income from discontinued operations of $455 million and a gain of
       $1.3 billion  (net of tax of $842 million) related to a cumulative
       effect of an accounting change.

Fourth Fiscal Quarter Income Statement (Unaudited; Millions of Dollars, except per share amounts)

                                   For Three Months Ended
                            As Reported              Pro Forma
                              09/30/00    09/30/00*  09/30/99*     Change **
   Revenues                     $9,359       $9,359     $8,166         14.6%
   Costs                         5,690        5,690      4,458         27.6%
   Gross Margin                  3,669        3,669      3,708        (1.1%)
    Selling, General
     and Administrative          1,674        1,674      1,460         14.7%
    Amortization of Goodwill
     and Acquired Technology       335           --         --            --
    Total Selling, General
     and Administrative          2,009        1,674      1,460         14.7%
    Research and Development     1,039        1,039      1,066        (2.5%)
    In-Process Research
     and Development               131           --         --            --
   Total Operating Expenses      3,179        2,713      2,526          7.4%
   Operating Income                490          956      1,182       (19.1%)
   Other Income, net                15           15         74       (79.7%)
   Interest expense                106          106         92         15.2%
   Income from Continuing Operations
    before income taxes            399          865      1,164       (25.7%)
   Income tax expense              191          265        396       (33.1%)
   Income from Continuing
    Operations, net                208          600        768       (21.9%)
   Earnings per share from Continuing
   Operations -- Diluted         $0.06        $0.18      $0.24       (25.0%)
   Effective tax rate (%)        47.9%        30.6%      34.0%  (3.4 points)
   Loss from Discontinued
    Operations, net              (433)           --         --            --
   Loss per share from Discontinued
    Operations - Diluted       ($0.13)           --         --            --
   Net loss                      (225)           --         --            --
   Loss per share - Diluted    ($0.07)           --         --            --

   The accompanying notes are an integral part of the financial schedules.
   Certain prior period amounts have been reclassified to conform to the
   current period presentation.
   *  Excludes the Enterprise Networks Group which was spun off on
      Sept. 30, 2000, Consumer Products, amortization of goodwill and
      acquired technology and one-time events, including in-process research
      and development.
   ** Change between the pro forma 3-month period ending 9/30/00 and the
      year-ago quarter.

Fiscal Year Income Statement (Unaudited; Millions of Dollars, except per share amounts)

                                 For Twelve Months Ended
                            As Reported              Pro Forma
                              09/30/00    09/30/00*  09/30/99*      Change**
   Revenues                    $34,492      $34,256    $29,910         14.5%
   Costs                        19,793       19,665     15,108         30.2%
   Gross Margin                 14,699       14,591     14,802        (1.4%)
    Selling, General and
     Administrative              5,715        5,573      5,118          8.9%
    Amortization of Goodwill
     and Acquired Technology       551           --         --            --
    Total Selling, General
     and Administrative          6,266        5,573      5,118          8.9%
    Research and Development     4,018        4,007      4,158        (3.6%)
    In-Process Research
     and Development             1,005           --         --            --
   Total Operating Expenses     11,289        9,580      9,276          3.3%
   Operating Income              3,410        5,011      5,526        (9.3%)
   Other Income, net               366          164        125         31.2%
   Interest expense                348          348        318          9.4%
   Income from Continuing Operations
    before income taxes          3,428        4,827      5,333        (9.5%)
   Income tax expense            1,488        1,475      1,740       (15.2%)
   Income from Continuing
    Operations, net              1,940        3,352      3,593        (6.7%)
   Earnings per share from Continuing
    Operations -- Diluted        $0.58        $1.01      $1.12        (9.8%)
   Effective tax rate (%)        43.4%        30.6%      32.6%  (2.0 points)
   Loss from Discontinued
    Operations (net)             (462)           --         --            --
   Loss per share from Discontinued
    Operations -- Diluted      $(0.14)           --         --            --
   Net Income                    1,478           --         --            --
   Earnings per share - Diluted  $0.44           --         --            --

   The accompanying notes are an integral part of the financial schedules.
   Certain prior period amounts have been reclassified to conform to the
   current period presentation.
   *  Excludes the Enterprise Networks Group which was spun off on
      Sept. 30, 2000, Consumer Products, amortization of goodwill and
      acquired technology and one-time events, including in-process research
      and development.  Also excludes the cumulative effect of accounting
      change of $1.308 billion (net of tax of $842 million) in fiscal 1999.
   ** Change between the pro forma 12-month period ending 9/30/00 and the
      prior fiscal year.

-----
www.newsalert.com/bin/...25LU&Nav=na-search-&StoryTitle=C%25LU

unverändert gegenüber Schlusskurs.
Ist wohl wenig Luft nach oben und unten.
                                            Gr.Gr.

nachbörslich sogar im PLUS ! *hehe* ;)

die restlichen großen hängen aber nachbörslich leicht im minus. kann mir vorstellen, daß morgen wieder bis zur eröffnung ein tänzeln um die + - 0% linie am future zu sehen werden. falls wir danach im gesamtmakt wieder durchstarten ist es doch ok...

gute nacht ! :o)
parocorp

jetzt bleib ich hart! *g

aktuell nachbörslich bei datek.com 22.6875$, im vergleich zum eröffnungskurs von 22$, sind das nach adam riese: GANZE 0,6875$ ! ! ! ;)

schönen abend !
paro

Könnt Ihr mir verraten, wo Ihr nachbörslich die Kurse seht???
Wäre echt lieb von Euch
Gruß die noch ziemlich dumme

mach dir die 2min arbeit & hol dir einen account bei www.datek.com (kostenlose us-rt kurse & nachbörslich). dazu gibt es den datek-streamer.

ideale kombination ist ein account bei datek.com & dem kostenlosen quotetracker (www.quotetracker.com). super ausgefeilte intradycharts & gesammelte news. alles unter einer maske. klasse!!

viel spaß!

Tendenz jetzt leicht steigend.

Another troubling issue was vendor financing, which TheStreet.com explored earlier Monday. The company increased its outstanding loans to customers by $300 million in the latest quarter and said it was going to pursue this sort of financing more aggressively, like a commercial lender.

Instead of looking at vendor financing as a risk, Hopkins says it will figure strongly in Lucent's new banking future.

"I think it's how we'll keep the velocity of that portfolio moving and how we must run it like a bank and really think about it from that perspective," the executive said.

And trying to catch up to the competition has exacted a toll. Gross margins dropped 39.2% in the fiscal fourth quarter as a result of falling sales and price pressure in optical, switching and wireless equipment. This isn't expected to improve, and the company expects to see margins decline by an additional full percentage point during the first quarter.

But then, as Lucent says, we'll know more in January.

- - - schaut euch mal das kursziel an, unverständlich... - - -

AUSBLICK: Lucent in Q4 mit Gewinn je Aktie von 17 Cent nach zuvor 25 Cent
SAN FRANCISCO (dpa-AFX) - Lucent Technologies  wird nach Auffassung von Analysten am Dienstag für das vierte Quartal einen Gewinn je Aktie von 17 Cent melden. Dieses Ergebnis ermittelten die Marktforscher von First Call in einer Umfrage unter 24 Analysten. Im entsprechenden Vorjahreszeitraum hatte der Konzern noch ein Ergebnis von 25 Cent je Aktie erzielt.

Nach Einschätzung von Paul Sagawa, Analyst bei Sanford Berstein, leidet Lucent unter der nachlassenden Nachfrage für Telekommunikationsausrüster. Der Experte prognostizierte ein Ergebnis von 18 Cent und sieht schrumpfende Margen von Lucent. Dies liege an dem Versuch des Unternehmens, die Produktion seiner neuen Produkte mit einer Übertragungsrate von 10 Gigabit je Sekunde zu steigern, da die Verkäufe der 2,5-Gigabit-Produkte nachließen. Sagawa reduzierte jüngst sein Preisziel für Lucent von 50 auf 35 USD, behielt aber die Aktie als "Outperformer".

Mit Blick auf die Gewinnwarnung von Lucent wies Ariane Mahler, Expertin von Dresdner Kleinwort Benson auf das starke Geschäft mit neu gegründeten Service-Providern hin. Weitere Abschreibungen aus diesen Segment seien daher möglicherweise notwendig. So hätten junge Unternehmen in den vergangenen 18 Monaten den Großteil der neuen Verträge von Lucent ausgemacht. Mahler erwartet für das letzte Quartal des Jahres einen Gewinn je Aktie von 17 Cent. Für die Konferenzschaltung mit Analysten werde voraussichtlich die Umsatzprognose 2001 zurückgenommen. Auf Zwölfmonats-Sicht vergab die Expertin der Dresdner Kleinwort ein Kursziel von 70 USD.

Craig Johnson, Experte von Bancorp Piper Jaffrey, erwartet ein Ergebnis von 17 Cent je Aktie. Angesichts der anstehenden Abspaltung der Sparte Mikroelektronik sei der Titel derzeit zu günstig./fl/js/ub

Ich benutze folgende Seiten zur Info.

US-   Quartalstermine -  www.e-analytics.com   wöchentl. Erneuerung jeden
                                               Sonnabend.
                                               Top - Finanzeninfo.
US-   Quartalszahlen  -  www.cbs.marketwatch   news aller Art
      Analysen        -        "                       "
      Aussichten      -        "                       "

US-   nachbör. Kurse  -  www.bigchart.com
                         www.bigchart.intchart.com

   Viel Vergnügen damit!    
                                 Grüße Gruen

www.heise.de/newsticker/data/jk-24.10.00-001/