Facing Investor Questions, Lucent Offers Few Answers

Lucent (LU Quote) investors looking for clear guidance on the company's prospects Monday got a lot of smoke.

The company is putting off until January a discussion of its earnings and revenue projections for the rest of fiscal 2001, which started this month. Also unanswered is how much of a restructuring charge the company will take at year-end. This presumably large figure will help reset the financials for the company. Lucent also conceded Monday that it has lost two big customers, but wouldn't say how long that loss will hold earnings down.

Come back in January to learn more. After hours, Lucent shares rose $1.06 to $23.12.

The New Lucent

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