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Wired and Restless

机译:有线和躁动

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Lucent technologies' charmed youth is over. In the four years since it was spun off from AT&T, it has never known adversity-until now. Lucent posted 15 straight quarters of upside surprises after going public in 1996. Its revenue swelled 75% in that time. By year-end 1999 Lucent's stock price was up elevenfold, and it had surpassed AT&T to become America's most widely held stock, with 4.6 million shareholders. Now the firm that never missed the bull's-eye looks more like the gang that can't shoot straight. Chief Executive Richard McGinn sprang a nasty surprise last month: In the December quarter net fell 30% below Wall Street expectations and 20% below a year ago. In one day the stock lost 28%, or $64 billion, of its value. A week later the stock fell again on rumors that Lucent is under investigation for bogus accounting; the company denies it.
机译:朗讯科技充满魅力的青年时代已经过去。自从AT&T剥离出来以来的四年中,它直到现在还从未发现逆境。朗讯在1996年上市后,连续15个季度出现意外增长。在那段时间,朗讯的收入增长了75%。到1999年底,朗讯的股价已上涨了11倍,超过了AT&T,成为美国持有量最大的股票,拥有460万股东。现在,从未错过靶心的公司看起来更像是不能直射的帮派。首席执行官理查德·麦金(Richard McGinn)上个月大跌眼镜:在12月季度,净资产比华尔街预期低30%,比去年同期低20%。一天之内,该股票市值缩水了28%,即640亿美元。一周后,由于有传言称朗讯正因虚假会计正在接受调查,该股再次下跌。公司对此予以否认。

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