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Lucent Technologies Slides 9.5% on Revenue Problem

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Lucent Technologies

(LU) - Get Lufax Holding Ltd American Depositary Shares two of which representing one Report

was down 9.5% in preopen

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trading after it announced that a "revenue-recognition issue" affects $125 million in fourth-quarter revenue. The problem will cut earnings per share by 2 cents for both the quarter and the year.