Lucent will continue to review its internal processes throughout fiscal year 2001, which may result in additional cost structure improvements and associated business restructuring charges as it moves from a multi-divisional company to one with...

As we’ve said, fiscal year 2001 is a transition and rebuilding year for Lucent,

These are uncertain times. We’ve got on our belts, suspenders, parachutes and skyhooks,

We wanted to make this public as soon as we discovered the issue, … I have asked our outside auditor and outside counsel to assist us in doing a complete review of this and any...

As we continue to execute our business restructuring program, Frank’s deep knowledge of both our financial and product portfolio will be key.

This is a very confusing time because all of our customers are seeing to 20-percent cuts,

For us to go ahead and try to predict top line, we’re just not prepared to go there,

Despite the short-term weakness in the market, we believe that our Phase II restructuring actions will drive our return to profitability and positive cash flow in fiscal year 2002,

We believe our revenues will improve in the second fiscal quarter of 2002. In fact, we are seeing early signs of increased customer spending in some segments of our business for that quarter, … This...

It will take the rest of fiscal 2001 to get back on track, … In the second half of the year the significantly reduced expense levels will take hold.

The guidance we’re prepared to give is we’re going to see sequential growth in the top-line quarter over quarter and growth on the bottom line quarter over quarter, … We need to perform. Performance is...

We are clearly disappointed in our results for fiscal year 2000. We are looking at fiscal year 2001 as a transition and rebuilding year for Lucent. Lucent remains a company with world-class products, people and...

Lucent got off track because we tried to grow our company faster than, in hindsight, we were able to,

Our team is working around the clock to restore an American icon.