Lucent reports loss, but sees some positive signs

摘要

Lucent Technologies reported another net losing quarter, 351 million dollars, but said that there were positives as well. The company said that its revenues of 2.4 billion dollars showed a sequential increase of 16 percent, and that it posted a 10-point improvement in gross margin rate. "We made significant progress on our turnaround this quarter," said Lucent Technologies Chairman and CEO Patricia Russo. "Despite continuing market uncertainty, on a sequential basis we achieved double-digit revenue growth, significantly increased our gross margin, and excluding the impact of certain items, drove a substantial improvement to our bottom line. In addition, we've put some major issues behind us with settlements of our SEC investigation and shareowner litigation."