Lucent upps

15 JUL 22:09 AFX *LUCENT SEES Q3 REVS DOWN 18% -- MOBILITY UNIT CITED  

15 JUL 22:10 AFX *LUCENT SEES Q3 LOSS 6C TO 8C  

15 JUL 22:12 AFX *LUCENT SEES RETURN TO PROFITS IN FISCAL '04  

15 JUL 22:30 AFX *LUCENT RATINGS ON CREDITWATCH NEGATIVE - S&P  

Lucent shares slump on wider estimated loss 15.07.2003 22:29    Headlines


   SAN FRANCISCO (AFX) -- Lucent Technologies shares tumbled in the after-hours
session Tuesday after the maker of telecom equipment said its quarterly loss
would be larger than expected.
In after-hours trading, the stock was trading at $1.84 on the Island ECN vs. a
close of $1.92 in the regular session on the New York Stock Exchange.
The Murray Hill, N.J.-based company said it now expects to post a third-quarter
loss of 6 to 8 cents a share. Wall Street analysts on average estimated a loss
of 5 cents a share, according to Thomson First Call.
Lucent  said revenue would be down about 18 percent from the $2.4 billion it
made in its fiscal second quarter.
The company said it expects to return to profitability in fiscal 2004.
This story was supplied by CBSMarketWatch. For further information see
www.cbsmarketwatch.com.

Lucent sees wider loss as sales stall - UPDATE 1 15.07.2003 22:46    Headlines


   WASHINGTON (AFX) - Citing weakness in its wireless business, Lucent
Technologies on Tuesday said it will post a larger-than-expected loss in the
third quarter.
Lucent  shares immediately tumbled in the after-hours session. The stock was
trading at $1.84 on the Island ECN, down from a close of $1.92 in the regular
session on the New York Stock Exchange.
After U.S. markets closed, the Murray Hill, N.J.-based telecom-equipment maker
predicted that sales would decline 18 percent from the second-quarter level of
$2.4 billion.
That will result in a third-quarter loss of 6 cents to 8 cents a share. Wall
Street analysts on average estimated a loss of 5 cents, according to Thomson
First Call.
The company blamed lower spending in North America and "an unexpected network
acceptance delay."
"These two items accounted for virtually all of the decline," said Lucent Chief
Financial Officer Frank D'Amelio in a statement.
Looking ahead, the company said it sees continued "uncertainty" in the telecom
business. It no longer believes it will return to profitability in fiscal 2003,
saying that will have to wait until fiscal 2004.
Lucent also said it will further cut costs to lower its breakeven point. The
company was not more specific.
Lucent reports third-quarter results on July 23.
This story was supplied by CBSMarketWatch. For further information see
www.cbsmarketwatch.com.