Lucent Technologies
Date Submitted: 10/15/2004 06:37:56
Category: / Business & Economy / Accounting
Length: 6 pages (1569 words)
Category: / Business & Economy / Accounting
Length: 6 pages (1569 words)
Introduction Lucent Technologies
Lucent Technology is North America's leading maker of telecom equipment and software, including switching and transmission equipment and business communications systems. Lucent Technologies, started trading publicly in 1996 with an initial public offering that was, at the time, the largest in domestic history (Hayes). In December 1999, Lucent's stock reached a high of $77.78 and was the nation's fourth most widely held stock (Romero and Atlas). But by July 2001, Lucent's stock was trading at $6.43, the …
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…Lucent reports 51% decline in
earnings--Drop follows warnings; without special items, results trail forecasts". Wall
Street Journal, A3.
18. Romero, S., & Atlas, R. 2001, February 21. "Lucent investigates record of former
high ranking executive". The New York Times
19. SmartPros Editorial Staff "Lucent in Trouble Over Questionable Revenue
Recognition" WASHINGTON, D.C., Feb. 14, 2001
http://www.smartpros.com/x29325.xml
20. Williams Kathy, Hart James " Don Peterson: Powering lucent's CFO revolution
Strategic Finance" ; Montvale; May 1999; Volume: 80Issue: 11 Start Page32-37
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