Profit down, revenue up in Lucent's third quarter

All the week's financial news, 07/20/05
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Network World's Financial News Alert

Profit down, revenue up in Lucent's third quarter, 07/19/05

Lucent reported a decline in profit for its third fiscal
quarter, although strong sales of 3G mobile network equipment
helped push revenue up 7%, the company announced Tuesday.
<http://www.networkworld.com/nlfinancialnewsa3512>

Juniper records profitable Q2, 07/19/05

Juniper this week posted a 61% increase in second quarter
revenue and a profit of $89 million.
<http://www.networkworld.com/nlfinancialnewsa3513>

HP plans to cut 14,500 jobs and save $1.9 billion a year,
07/19/05

HP Tuesday said it hopes to save $1.9 billion a year through a
massive reorganization in which it will cut 14,500 jobs, or
around 10% of its workforce. It will also link sales and
marketing efforts more closely to business units, eliminating
the Customer Solutions Group which sold to enterprise customers.
<http://www.networkworld.com/nlfinancialnewsa3514>

IBM services head leaves amid reorganization, 07/19/05

IBM is reorganizing its Global Services business, replacing John
Joyce as the group's head with a pair of executives.
<http://www.networkworld.com/nlfinancialnewsa3515>

Microsoft sues Google, former employee over hiring, 07/19/05

Microsoft stepped its rivalry with Google up a notch Tuesday,
filing a lawsuit against the search company over Google's hiring
of a former Microsoft employee.
<http://www.networkworld.com/nlfinancialnewsa3516>

IBM hits targets in Q2, says goodbye to PC business, 07/18/05

IBM returned to form in the second quarter of its fiscal year,
reporting income growth and solid revenue after scaring
financial analysts by falling short of expectations in its first
quarter.
<http://www.networkworld.com/nlfinancialnewsa3517>

Cisco adopts age limit for board members, 07/15/05

In a move that seems to signal the upcoming retirement of its
chairman, Cisco's board of directors on Friday adopted an age
limit for members of its board of directors.
<http://www.networkworld.com/nlfinancialnewsa3518>

VeriSign buys security researcher iDefense for $40 million,
07/14/05

Looking to flesh out its line of managed security services
products, VeriSign has snapped up network security researcher
iDefense. The $40 million cash acquisition was completed
Wednesday, according to VeriSign.
<http://www.networkworld.com/nlfinancialnewsa3519>

The top 5: Today's most-read stories

1. Future-proof your network
<http://www.networkworld.com/nlfinancialnewsa3520>

2. Appliances replace DNS, DHCP software
<http://www.networkworld.com/nlfinancialnewsa3521>

3. How to prevent pharming
<http://www.networkworld.com/nlfinancialnewsa3522>

4. City finds big savings in Linux
<http://www.networkworld.com/nlfinancialnewsa3523>

5. HP plans to cut 14,500 jobs and save $1.9 billion a year
<http://www.networkworld.com/nlfinancialnewsa3524>

Today's most forwarded story:

Grant Thornton standardizes IP PBXs
<http://www.networkworld.com/nlfinancialnewsa3525>
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To contact:

Contact Online News Editor Jeff Caruso at
<mailto:jcaruso@nww.com>
_______________________________________________________________
This newsletter is sponsored by Fluke Networks
Special Report: Understanding the Changing Nature of Branch
Office Networks

Significant revenue is generated at the branch office. Business
needs to be seamless between locations. This special report
provides an approach to a resourceful way of using new tools and
analysis for branch offices. Learn about the analysis and
tools used to run a seamless branch business, click here to
download the report now,
http://www.fattail.com/redir/redirect.asp?CID=108590
_______________________________________________________________
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