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Telecommunications systems

Lucent Wins $240 Million Deal, Amidst Patent Infringement Suit with Cisco and CFO Takes Medical Leave at Tellabs

Strategic Insights

— 1 min read

Lucent Technologies Inc. has been awarded a $240 million contract by Advanced Radio Telecom (ART) to build a data network for offering Internet-based business services. The project, set to be completed by the end of the year, will initially supply equipment and technology worth $240 million. Meanwhile, Lucent is facing a patent infringement suit filed by Cisco Systems Inc., which claims that Lucent has infringed on six of its patents in a Delaware court and five others in a California suit. Additionally, Tellabs Inc.'s Chief Financial Officer, Peter A. Guglielmi, will be taking a two-month medical leave of absence, with Michael J. Birck acting as the interim CFO.

Key Takeaways:

  • Lucent Technologies Inc. has secured a $240 million contract with Advanced Radio Telecom (ART) to build a data network for offering Internet-based business services.
  • The project will see Lucent supply equipment and technology worth $240 million to ART, with expansion plans to Portland, Ore., and Phoenix by the end of the year.
  • Lucent is being sued by Cisco Systems Inc. for patent infringement, with two separate suits filed in Delaware and California.
  • Cisco claims that Lucent has infringed on six patents in the Delaware suit and five others in a California suit.
  • Tellabs Inc.'s CFO, Peter A. Guglielmi, is taking a two-month medical leave of absence, with Michael J. Birck acting as the interim CFO.
  • The Goss Graphics Systems labor pact has been ratified by United Steel Workers of America Local 69-96, with over 200 workers returning to work at the Reading, Pa., plant.
  • The labor agreement was ratified by a 3:1 margin by workers and will last for three years from August 9.

Statistics:

  • The Lucent-ART contract is worth $240 million.
  • The project will see expansion to Portland, Ore., and Phoenix by the end of the year.
  • Lucent is being sued by Cisco Systems Inc. in two separate suits in Delaware and California.
  • Cisco claims that Lucent has infringed on 11 patents in total.
  • The Goss Graphics Systems labor pact was ratified by a 3:1 margin by workers.
  • The labor agreement will last for three years from August 9.
  • Over 200 workers at the Reading, Pa., plant will be returning to work on Wednesday.

Sources:

  • "Lucent wins $240 million deal." AP NEWS. Monday, [No date mentioned].
  • "Tellabs Inc. names interim CFO." AP NEWS. Monday, [No date mentioned].
  • "Goss workers ratify agreement." AP NEWS. Monday, [No date mentioned].

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