Introduction Lucent Technologies Lucent Technology is North America's leading maker of telecom equipment and software, including switching and transmission equipment and business communications systems. Lucent Technologies, started trading publicly in 1996 with an initial public offering that was, at the time, the largest in domestic history (Hayes). In December 1999, Lucent's stock reached a high of $77.78 and was the nation's fourth most widely held stock (Romero and Atlas). But by July 2001, Lucent's stock was trading at $6.43, the …showed first 75 words of 1569 total…

…showed last 75 words of 1569 total…Lucent reports 51% decline in earnings--Drop follows warnings; without special items, results trail forecasts". Wall Street Journal, A3. 18. Romero, S., & Atlas, R. 2001, February 21. "Lucent investigates record of former high ranking executive". The New York Times 19. SmartPros Editorial Staff "Lucent in Trouble Over Questionable Revenue Recognition" WASHINGTON, D.C., Feb. 14, 2001 http://www.smartpros.com/x29325.xml 20. Williams Kathy, Hart James " Don Peterson: Powering lucent's CFO revolution Strategic Finance" ; Montvale; May 1999; Volume: 80Issue: 11 Start Page32-37