LONDON A profit warning from Lucent Technologies Inc. hit Alcatel's share price the next day (July 11) on the Paris bourse, even though the French giant announced trading in line with expectations.
The two companies announced their intention to merge in April this year.
Lucent said revenues for its fiscal third quarter (to June 30) are expected to be $2.04 billion, some $300 million short of the $2.34 billion expected by analysts.
That number is also shy of second quarter revenues, which were $2.14 billion, and the $2.34 billion recorded in fiscal 2005's third quarter.
Lucent also said earnings per share for the third quarter are expected to be 2 cents -- half the 4 cents analysts had anticipated.
With the move to the cloud, CISOs must shift priorities from operating security programs to overseeing (monitoring and auditing) outsourced cybersecurity programs.
2022 was a boon year for IT salaries. 2023 came in like a beast with layoffs, raise freezes, and ChatGPT, but that beast has few teeth.
Age is only a number. Don't let a high number cancel your career.
