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Lucent posts 10th-straight quarterly loss

Published on .

Chicago--Lucent Technologies Inc. Wednesday posted its 10th-straight quarterly loss and warned that sales may drop by as much as 10% in the current quarter. Lucent posted a fiscal fourth-quarter net loss of $2.88 billion, or 84 cents a diluted share, compared with a net loss of $8.8 billion, or $2.59 a diluted share, a year earlier. The Murray Hill, N.J., company, which has been hammered by the technology downturn for the past two years, said it expects its sales to rise by next March.
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