That offspring too is facing hard times after years of plenty. With stiff competition from giant Cisco Systems and a growing list of hungry start-ups like Juniper Networks, Lucent has issued a series of earnings warnings, and its chief executive, Richard McGinn, resigned earlier this week . Federal telecommunications deregulation sets up drive for bundled services. That changed with the arrival of CEO Michael Armstrong three years ago. It's that bundling strategy which has been questioned amid Ma Bell's high-profile crash and burn.
Analysts note that the company's dominance over the industry has waned, however.
Its failure to deliver on its most ambitious bundling strategy doesn't mean that others won't continue to pursue the dream. Inc. All rights reserved.