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AT&T struggles to defend open cloudiness of Ericsson deal
More than a year into the Ericsson-led rollout, there is very little evidence AT&T's radio access network is as multivendor and virtualized as the telco makes out.
Says insolvency rumors are groundless and restructuring plans are on track
April 4, 2001
MURRAY HILL, N.J. -- In response to inquiries, Lucent Technologies (NYSE: LU) today issued the following statement:
"Let me be very clear, our $6.5 billion lines of credit provide the financial resources and the financial flexibility to execute our turnaround plan," said Lucent Technologies Chief Financial Officer Deborah Hopkins. "We are already seeing positive impacts from our comprehensive restructuring program.
"The rumors that Lucent is filing for bankruptcy are baseless and irresponsible. We will report, in detail, on the progress we are making when we issue our results for the second fiscal quarter of 2001 later this month."
http://www.lucent.com
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