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. But when technology shares continued to retreat in March, Lucent was forced to choose between cutting the price or putting off the IPO until market conditions improve, an option many other companies have chosen. Get your MBizCentral news delivered by e-mail newsletters. Printer friendly version.
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