اعلانات مالية لسهم lu

الموضوع في 'السوق الأمريكي للأوراق الماليه' بواسطة hassn, بتاريخ ‏4 أغسطس 2005.

  1. hassn

    hassn عضو نشط

    التسجيل:
    ‏3 ديسمبر 2003
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    Form 10-Q for LUCENT TECHNOLOGIES INC


    --------------------------------------------------------------------------------

    4-Aug-2005

    Quarterly Report



    Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations
    FORWARD-LOOKING STATEMENTS

    This quarterly report, including the Management's Discussion and Analysis of Financial Condition and Results of Operations ("MD&A") contains forward-looking statements that are based on current expectations, estimates, forecasts and projections about us, our future performance and the industries in which we operate as well as on our management's assumptions. Words such as "expects," "anticipates," "targets," "goals," "projects," "intends," "plans," "believes," "seeks," "estimates," variations of such words and similar expressions are intended to identify such forward-looking statements. These statements are not guarantees of future performance and involve certain risks, uncertainties and assumptions that are difficult to assess. Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements. These risks and uncertainties include: fluctuations in the telecommunications market; our ability to compete effectively; our product portfolio and ability to keep pace with technological advances in our industry; our reliance on a limited number of key customers; our exposure to the credit risk of our customers; the pricing, cost and other risks inherent in our long-term sales agreements; the costs and risks associated with our pension and postretirement benefit obligations; the social, political and economic risks of our foreign operations; our reliance on a limited number of third parties to manufacture most of our products; our ability to generate positive cash flow; existing and future litigation; our ability to protect our intellectual property rights and the expenses we may incur in defending such rights; the complexity of our products; changes to existing regulations or technical standards; compliance with environmental health and safety laws; and our ability to retain and recruit key personnel. For a more complete list and description of such risks and uncertainties, refer to our Form 10-K for the year ended September 30, 2004. Except as required under the federal securities laws and the rules and regulations of the SEC, we do not have any intention or obligation to update publicly any forward-looking statements after the distribution of this quarterly report, whether as a result of new information, future events, changes in assumptions or otherwise.

    EXECUTIVE SUMMARY

    We design and deliver the systems, software and services that drive next generation communications networks. Supported by Bell Labs research and development, we use our strengths in mobility, optical, access, data and voice networking technologies, as well as services, to create new revenue-generating opportunities for our customers, while enabling them to quickly deploy and better manage their networks. Our customer base includes communications service providers, governments and enterprises worldwide.

    There has been some consolidation among service providers as they look to expand their scope and scale while improving cost efficiencies. This industry dynamic presents both challenges and opportunities for equipment vendors. One potential challenge may come in the form of rationalized capital spending in the future. However, we anticipate that there will also be opportunities, as carriers will require assistance integrating these large, complex networks. Also, depending on the service providers involved, some of the consolidation could enable certain vendors to extend their reach into customers that were previously focused on different technologies or areas.

    The telecom market remains dynamic. We are at the beginning of a fundamental shift not only in the way networks operate, but also in the way end users are accessing and using those networks. As this transformation progresses, our customers are increasingly focused on deploying new IP-based, revenue generating services that will differentiate their businesses and build customer loyalty. However, the actual trialing, testing and deployment of these new technologies will take time. This is a long-term technology transition, which creates opportunities for us and our customers in growth areas such as mobile high-speed data, broadband access, metro optical networking and Voice over Internet Protocol (or VoIP) solutions, as well as professional and managed services. We are working to turn these technologies and opportunities into cost-effective offers for our customers.

    Within this environment, certain service providers are currently ********* to meet growing capacity demands. These demands are being driven by the coverage requirements, subscriber growth and traffic increases that place demands on networks of all kinds. In addition, service providers have increased investments in the systems, software and technologies that enable next-generation services that cut across wireline and wireless,



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    19 Form 10-Q - Part I Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations

    as well as voice, video and data. There is also a growing interest in content - games, music and entertainment. To effectively compete, we have to continue our work to expand our customer base, improve overall productivity and efficiency and provide new solutions to customers.

    To meet these challenges, we have been adapting our product portfolio around a common IP Multi-Media Subsystem ("IMS") based platform that gives our customers the flexibility to build the types of networks and offer the types of services to best meet the demand for converged broadband services. We continue to progress in combining our mobility and wireline businesses into a single unit called the Network Solutions Group. We expect this change to:

    † More efficiently deliver a common set of IMS-based solutions to our customers that will help them expand their revenue bases.
    † Improve our speed and time to market by streamlining supply and design chains and shortening our product development cycles.
    † Further simplify our operations through increased standardization of processes and platforms.
    † Further reduce our cost and expense structure by eliminating redundancies across all parts of the company, including support functions and other areas.
    † And lastly, assure that we maximize the leverage of our complete breadth of offers, for example, providing optical back-haul solutions to our mobile customers.

    We expect to achieve operating efficiencies as a result of these efforts. These changes will allow us to more effectively focus our efforts and resources on pursuing high-growth areas where we have strong technology, market or customer advantages. We believe that focusing on these areas will allow us to better serve our customers and provide us with the best opportunity to profitably grow the business.

    Capital spending in our target markets can change rapidly and can vary over short periods of time. As a result of this uncertainty, it is difficult to make accurate forecasts of near- and long-term results and cash flow. In addition, because a limited number of customers account for a significant amount of our revenue, our results are subject to fluctuation due to changes in spending by one or more of these customers. Exposure to this type of fluctuation is most prevalent in our Mobility segment.

    The following table includes certain financial information.


    Three months ended June 30, Nine months ended June 30,
    (in millions) 2005 2004 change 2005 2004 change
    --------- -------- --------- --------
    Mobility $ 1,172 $ 1,028 14 % $ 3,526 $ 2,961 19 %
    INS 592 673 (12 %) 1,826 2,178 (16 %)
    Services 538 473 14 % 1,557 1,418 10 %
    Patent Licensing 31 - - 73 44 66 %
    Other 7 16 (56 %) 28 42 (33 %)
    --------- -------- --------- --------
    Revenues $ 2,340 $ 2,190 7 % $ 7,010 $ 6,643 6 %
    --------- -------- --------- --------

    Gross margin $ 1,052 $ 947 $ 105 $ 3,011 $ 2,804 $ 207
    Gross margin rate 45 % 43 % 2 points 43 % 42 % 1 point
    --------- -------- --------- --------

    Operating expenses $ 681 $ 598 $ 83 $ 2,053 $ 1,869 $ 184
    Percentage of revenue 29 % 27 % 2 points 29 % 28 % 1 point
    --------- -------- --------- --------

    Operating income $ 371 $ 349 $ 22 $ 958 $ 935 $ 23
    Other income, net 52 128 49 35
    Interest expense 85 94 259 304
    Income taxes (34 ) (4 ) (65 ) (127 )
    --------- -------- --------- --------

    Net income $ 372 $ 387 $ 813 $ 793
    --------- -------- --------- --------
     
  2. hassn

    hassn عضو نشط

    التسجيل:
    ‏3 ديسمبر 2003
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    تكملة الخبر

    20 Form 10-Q - Part I Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations

    As discussed in more detail throughout our MD&A:

    † Mobility revenues increased due to continued deployment of EVDO and CDMA network expansion in the U.S., as certain of our large customers increase network investment for high-speed mobile data services and deploy additional capacity to support subscriber growth. INS revenues decreased due to lower sales of legacy circuit switching and Personal Handyphone Systems ("PHS"), as declines in these product sales continue to outpace growth in spending on next generation technologies. Services revenues increased due to higher professional services and government contracts.

    † Gross margin rates increased slightly in all periods presented. Mobility gross margin rates were fairly consistent with the comparable prior year periods. The INS gross margin rate decreased from the nine months ended June 30, 2004 period due to the impact of lower sales volume, unfavorable product mix and higher inventory related charges. These impacts were more severe during the first half of fiscal 2005. The INS gross margin rate increased slightly from the comparable prior year quarterly period due to the favorable impact of revised estimates related to certain long-term contracts. Services gross margin rates increased from the comparable prior year periods due primarily to cost reductions resulting from lower average workforce levels.

    † Operating expenses increased primarily due to higher recoveries of bad debt and customer financing and business restructuring reserve reversals in the prior year periods.

    † Other income includes, among other items, the impact of charges that were recognized due to changes in the estimated fair value of the warrants issued as part of the global settlement of our shareowner litigation in certain periods and interest income related to income tax settlements.

    † Federal and certain state and non-U.S. income taxes attributable to pre-tax income were not provided for during the periods presented as a result of maintaining a full valuation allowance on substantially all of our net deferred tax assets. However, income tax benefits and interest income were recognized due to the favorable resolution of certain prior period tax matters.

    † Cash and cash equivalents and marketable securities decreased $737 million to $4.1 billion during the nine months ended June 30, 2005, primarily due to the timing of annual employee incentive payments, cash paid in connection with the shareowner litigation settlement and repayment of certain debt obligations and convertible securities.

    We continue to expect our market and our business to grow as customers invest in revenue-generating services and more efficient network operations. Mobility should remain a strong growth sector as service providers continue their transition to 3G networks for mobile high-speed data services. We will continue to invest in the key areas of convergence, manage the product cycle of declining mature technologies and focus on growth in next generation areas like VoIP, broadband access and metro optical. We will continue to manage our cost and expense profile as we work on expanding our revenue base in our global markets, including government and emerging markets outside of the United States. We continue to expect our fiscal 2005 annual revenue growth rate on a percentage basis to be in the mid-single digits, which we believe is at about the market growth rate; annual gross margin rate on a percentage basis to be in the low 40's; and annual operating expenses as a percentage of revenue to be about 30%. Actual results could differ from these expectations.

    APPLICATION OF CRITICAL ACCOUNTING ESTIMATES

    Our unaudited consolidated financial statements are based on the selection of accounting policies and the application of significant accounting estimates, some of which require management to make significant assumptions. Actual results could differ materially from the estimated amounts. We believe that some of the more critical estimates and related assumptions that affect our financial condition and results of operations are in the areas of revenue recognition, pension and postretirement benefits, income taxes, legal contingencies, receivables and customer financing, inventories, business restructuring and intangible assets. We discuss our critical accounting estimates with our Audit and Finance Committee of the Board of Directors at least annually. For more information on critical accounting estimates, refer to the MD&A included in our Form 10-K for the year ended September 30, 2004.



    --------------------------------------------------------------------------------

    21 Form 10-Q - Part I Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations

    There were no accounting policies that were adopted during the nine months ended June 30, 2005 that had a material effect on our financial condition and results of operations.


    CONSOLIDATED RESULTS OF OPERATIONS - THREE AND NINE MONTHS ENDED JUNE 30, 2005
    VERSUS THREE AND NINE MONTHS ENDED JUNE 30, 2004

    Revenues

    Three months ended June 30, Nine months ended June 30,
    (in millions) 2005 2004 2005 2004
    ----------- -------- ----------- -------

    Mobility $ 1,172 50 % $ 1,028 47 % $ 3,526 50 % $ 2,961 45 %
    INS 592 25 % 673 31 % 1,826 26 % 2,178 33 %
    Services 538 23 % 473 22 % 1,557 22 % 1,418 21 %
    Patent Licensing 31 2 % - - 73 1 % 44 1 %
    Other 7 - 16 - 28 1 % 42 -
    ----------- -------- ----------- -------
    Revenues $ 2,340 100 % $ 2,190 100 % $ 7,010 100 % $ 6,643 100 %
    ----------- -------- ----------- -------

    U.S. $ 1,523 65 % $ 1,405 64 % $ 4,422 63 % $ 4,074 61 %
    Other Americas (Canada, Caribbean &
    Latin America) 181 7 % 140 6 % 529 8 % 335 5 %
    EMEA (Europe, Middle East & Africa) 318 14 % 299 14 % 973 14 % 922 14 %
    APaC (Asia Pacific & China) 318 14 % 346 16 % 1,086 15 % 1,312 20 %
    ----------- -------- ----------- -------
    Revenues $ 2,340 100 % $ 2,190 100 % $ 7,010 100 % $ 6,643 100 %
    ----------- -------- ----------- -------




    Revenues increased by 7% and 6% during the three and nine months ended June 30, 2005. The increases were driven by significantly higher Mobility revenues, particularly in the U.S., and to a lesser extent, higher Services revenues. INS revenues continued to decline. Refer to the segment discussion later in this MD&A for information on changes in revenues by segment and product.

    The increases in the U.S. were due to higher spending by certain large service providers in 3G network investment and in general capacity growth. The increases in Other Americas were due to higher CDMA sales in Venezuela and various product sales in Canada. The changes in EMEA were primarily due to higher sales of certain wireline products and services and favorable foreign currency impacts in Europe. The declines in APaC were primarily due to lower voice networking sales in China, primarily PHS, and the timing of CDMA network deployments in Korea and India. Revenues from customers located in China represented approximately 7% and 9% of consolidated revenues during the three and nine months ended June 30, 2005, respectively.

    Although our quarterly revenues have been essentially flat throughout fiscal 2005, they are subject to fluctuation as a result of changes in customer spending patterns and short-term capital requirements, as well as the timing of customer acceptances. Changes in foreign currency rates favorably impacted our consolidated revenues by approximately 1% during the fiscal 2005 periods.
     
  3. hassn

    hassn عضو نشط

    التسجيل:
    ‏3 ديسمبر 2003
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    AP
    Lucent Subpoenaed in Antitrust Probe
    Thursday August 4, 6:06 pm ET
    Lucent Says It Received Subpoenas Related to Federal Investigations Into Antitrust Violations


    WASHINGTON (AP) -- Lucent Technologies Inc. Thursday said it received two subpoenas related to federal investigations into potential antitrust violations and sales of telecommunications equipment to the federal government.
    ADVERTISEMENT


    The telecom-equipment vendor said in a filing with the Securities and Exchange Commission that one of the subpoenas it received related to an investigation by the Department of Justice into potential antitrust and other violations in connection with the federal E-Rate program.

    Lucent said the subpoena requires the company to produce documents before a grand jury of the U.S. District Court in Georgia.

    The Murray Hill, N.J., company said the other subpoena was from the Office of Inspector General, General Services Administration, and relates to a federal investigation into certain sales to the federal government of telecommunications equipment and associated maintenance services.

    Lucent said it received both subpoenas during the three months ended June 30.

    As previously reported, the Justice Department has announced that several companies have been indicted for defrauding the federal E-rate program that dispenses billions of dollars in subsidies for Internet and telecom service in schools and libraries.

    The $2.25 billion-a-year E-Rate program is funded by the Universal Service Fund, which is paid for through fees levied on telecom companies. E-Rate is run by Universal Service Administrative Co., which was set up by the Federal Communications Commission.

    The fraud schemes alleged by the Justice Department occurred between 1998 and 2003. Charges range from scheming to defraud the FCC and Universal Service Administrative by including the cost of noncovered equipment and fees with those covered by the program to rigging of bids.

    Avaya Inc., which was spun off from Lucent in 2000, said in May that it received a subpoena to produce documents for the period from 1997 to 2005 before a grand jury of the U.S. District Court in South Carolina relating to an investigation of potential antitrust violations in connection with the E-Rate program.

    Avaya said it also received a subpoena from the General Services Administration for billing records from 1990 to 2005 corresponding to sales of telecom equipment and maintenance services.
     
  4. ابو رغوده

    ابو رغوده عضو نشط

    التسجيل:
    ‏13 يونيو 2005
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    مشكور اخوي بوحمد عالمجهود الرائع منك والله يعطيك العافيه ويطول بعمرك وعمر اخواني رواد المنتدى الجمـــــــــــــــــــ :) ـــــــــــيل بس الخبر يعني بيرتفع السهم او بينزل عشان انا ماعرف انجليزي :eek:
     
  5. hassn

    hassn عضو نشط

    التسجيل:
    ‏3 ديسمبر 2003
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    والله يا اخوي ما ادري بس الظاهر في قضية مرفوعة على الشركة بس السهم نزل اليوم بسبب الخبر الظاهر انه خبر مزعج للشركة

    وشكر تحياتي

    بوحمد
     
  6. ابو رغوده

    ابو رغوده عضو نشط

    التسجيل:
    ‏13 يونيو 2005
    المشاركات:
    1,454
    عدد الإعجابات:
    0
    مكان الإقامة:
    الكويت
    اها الله يعطيك العافيه يااااااااااارب
     
  7. hassn

    hassn عضو نشط

    التسجيل:
    ‏3 ديسمبر 2003
    المشاركات:
    1,370
    عدد الإعجابات:
    0
    مكان الإقامة:
    الكويت
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