Feeds

Lucent wins $1bn Sprint gig, splashes more red ink

Strike breaker

  • alert
  • submit to reddit

Top three mobile application threats

At last some good news for Lucent, the hard-pressed networking equipment vendor. Yesterday it won a $1bn contract to supply 3G infrastructure kit to Sprint, the US mobile network.

Sprint is to base its next-gen network on Qualcomm's CDMA 2000, which comes as little surprise, as the company is a CDMA shop.

Lucent has been racking up big losses for three years now, and today it racked up a lot more, posting a net loss for its Q3, ended June 30, 2003 of $254m on sales of $1.96bn, a billion dollars less than last year. Mind you, last year's Q3 loss was a helluva lot bigger - $8.03 billion.

This current quarter is going to be especially tough as Verizon, its biggest customer accounting for 19 per cent of turnover, according to the FT, is battening down the hatches for a major strike.

Verizon is in dispute over pay negotiations for 78,000 of its 230,000 staff and unions have called for a strike on August 2.

Steve Kaman, an analyst at CIBC Markets, told the FT that a strike "would likely halt new equipment (installations), starging before the strike deadline and up to a few weeks after a strike's end. A three-week strike could mean five to seven weeks of disruption."

According to Kamen, Tellabs is the other vendor most badly affected by a Verizon walk-out. The company depends up Verizon for 18.4 per cent of its revenues. ®

Combat fraud and increase customer satisfaction

More from The Register

next story
This time it's 'Personal': new Office 365 sub covers just two devices
Redmond also brings Office into Google's back yard
Kingston DataTraveler MicroDuo: Turn your phone into a 72GB beast
USB-usiness in the front, micro-USB party in the back
AMD's 'Seattle' 64-bit ARM server chips now sampling, set to launch in late 2014
But they won't appear in SeaMicro Fabric Compute Systems anytime soon
Brit boffins use TARDIS to re-route data flows through time and space
'Traffic Assignment and Retiming Dynamics with Inherent Stability' algo can save ISPs big bucks
Microsoft's Nadella: SQL Server 2014 means we're all about data
Adds new big data tools in quest for 'ambient intelligence'
prev story

Whitepapers

Securing web applications made simple and scalable
In this whitepaper learn how automated security testing can provide a simple and scalable way to protect your web applications.
Combat fraud and increase customer satisfaction
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
SANS - Survey on application security programs
In this whitepaper learn about the state of application security programs and practices of 488 surveyed respondents, and discover how mature and effective these programs are.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.