Finland's Wireless Fast Track Thanks in large measure to mobile handset pacesetter Nokia, this small nation, about the size of Montana with a population of some 5 million people, is where the rest of the world looks for wireless guidance. But so far no one is willing to put it together. Printer friendly version.
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The company cited the one-time restructuring costs associated with the breakup from Lucent and acquisition expenses made while part of Lucent as well as tax adjustments. Agere will cut its work force to about 16,500 worldwide by the end of June. Fla. Agere predicted continuing declines due to lower spending by telecommunications carriers. Agere is a leading producer of semiconductors and optical components for computer and telephone networks as well as other communications equipment. Lucent, once the leading supplier of fiber-optic network equipment, has stumbled over the past two years, and is now slashing jobs and selling operations as part of a sweeping turnaround plan.