Patricia Russo
Patricia Russo
Patricia F. Russoof Lucent Technologies, and its successor, Alcatel-Lucent, a large communications equipment manufacturer. She currently serves on the Board of Directors of General Motors, Merck & Co., and ALCOA, Inc. She serves as Chairman of the nonprofit organization, Partnership at Drugfree.org. Prior to the split of Hewlett-Packard into two companies in 2015, Russo served as Lead Independent Director. She now serves as Chairman of Hewlett Packard Enterprise...
area businesses china global growth resource
We see China as an important growth area for Lucent's global businesses and an important resource center,
accelerate across array beginning combined company driving enable enterprise industry logic network personal presents projected services strategic
The strategic logic driving this transaction is compelling. The communications industry is at the beginning of a significant transformation of network technologies, applications, and services - one that is projected to enable converged services across service-provider networks, enterprise networks, and an array of personal devices. This presents extraordinary opportunities for our combined company to accelerate its growth.
affected bell coast critical customers disaster drawing expertise goes gulf heartfelt help knowledge labs natural networks performance rapidly rebuild recovery restore scope sympathy teams tragic victims vital
Our deepest, heartfelt sympathy goes out to everyone affected by the scope of this tragic natural disaster, ... At times like these, the performance and reliability of communications networks are more critical than ever. That's why our Lucent and Bell Labs teams are drawing upon their knowledge and expertise in network disaster recovery to help the Gulf Coast victims and our customers to rapidly restore and rebuild the region's vital communications networks.
advanced benefit build combined common company creation culture customers deliver design draw excellence focus growth hard innovation key leadership manage networking networks partner position scale scope services strengths team technical uniquely value within
Our customers will benefit from a partner with the scale and scope to design, build and manage increasingly converged networks that deliver the most advanced communications services to the market. That is what this combination will deliver with an unparalleled focus on execution, innovation and service for our customers. Serge and I will work hard with our leadership team to draw upon the key strengths and common culture of technical excellence within each company to uniquely position the combined company for success, growth and value creation from next-generation networking and services.
clearly intend speed
We clearly intend to have speed as our bias.
create point
At this point there is nothing that could create a problem.
competition increasing scale size
Competition is increasing and size and scale really matter.
advantage create excited opportunity
We are very excited about this combination. We see this as opportunity to create a clear, competitive advantage in the marketplace.
balance caring continue costs focused manage needs trying
We have been very focused on trying to find the right balance between caring for the needs of our retirees and making determinations about what is affordable. We will continue to manage costs in that way.
caused couple effects general last prudent seen share spending weeks
Only in the last couple of weeks have we seen the effects of a general tightening on spending that has caused us to modify our expectations, ... We still see growth, but we thought it prudent to share that we see a tempering.
bringing controls increased issues matter since
Since bringing this matter to the SEC's attention, we have addressed these issues with increased controls and disclosures in our organization,
build confidence customers enjoy goal past success trust
Lucent's goal is to build on the success of the past and deepen the trust and confidence we enjoy with our customers and suppliers in China,
china example great local successful using
China is a great example of where we have been successful using local resources,
based confident continued cost decline despite diligently due fiscal focus gross maintained managing margin ongoing operations performance revenue review solid stronger
This quarter, despite the decline in revenue, we maintained a solid gross margin performance due to our continued focus on simplifying our operations and diligently managing our cost structure. Based on the review of our expectations for fiscal 2006 and ongoing interactions with our customers, we are confident that our revenue performance will be much stronger for the remainder of the year.