The equipment maker reported losses of seven-point-nine (b)
billion dollars. No word yet on how the latest cuts will affect its
research and development operations in Denver and Highlands Ranch.
With the latest round of cuts, Lucent will have cut 70 percent
of its work force from a peak of 155-thousand employees in July
Today's earnings report marks Lucent's ninth-straight
money-losing quarter. The quarterly loss compares with a loss of
three-point two (b) billion dollars a year earlier.