A Dream Deferred - Company Business and Marketing - Brief Article

Industry Standard, The, April 2, 2001 by Alex Lash

Lucent and underwriter Morgan Stanley delayed the initial public offering of Lucent spinoff Agere and cut its offering price to between $6 and $7 per share. Lucent hopes a multibillion-dollar IPO for Agere will help it climb out of its massive debt hole. One bright spot: Lucent signed a three-year, $5 billion deal to provide equipment for Verizon's wireless network.