SAN MATEO (04/14/2000) - Lucent Technologies Inc. last week said it will build a $150 million optical networking provisioning center in Dublin, Ireland. The investment is expected to create 500 new jobs over a three-year period at the planned 200,000-square-foot extension to its existing facility there, officials said. Lucent said it expects the facility to produce some $250 million worth of optical networking systems during this calendar year, and upon completion in May 2001, annual production value should reach more than $2 billion. The center will serve Lucent's customers in Europe and the Asia-Pacific region, and the goal is to reduce shipping times from several weeks to only a few days, officials said.
Advanced Micro Devices Inc. (AMD) last week posted bullish fiscal first-quarter results, boosted in part by strong sales of its Athlon processors.
For the quarter ending April 2, AMD reported net income of $189.3 million, or $1.15 per diluted share. The earnings compared with a net loss of $128.4 million, or 88 cents per share, in the same period last year. AMD posted record sales of $1.09 billion, a 73 percent jump in sales from $631.6 million in the year-ago quarter.
The chipmaker's quarterly results bested Wall Street expectations by a long shot. A consensus of 15 analysts polled by First Call/Thomson Financial predicted AMD would post earnings-per-share of 57 cents.
The quarter was the best in the company's history, officials said.
Sales of Athlon processors increased by 50 percent to 1.2 million units.
PC-related revenues grew 14 percent sequentially and by more than 65 percent over the first quarter of 1999, officials said. Total unit sales reached a record of 6.5 million units.
AMD's rivalry with Intel heated up during the quarter, as AMD released a 1GHz Athlon processor just two days ahead of Intel's release of its Pentium III Coppermine 1GHz processor.
British Telecommunications (BT) last week announced plans to restructure the company, further expand in Europe, and create four new high-growth businesses in the Internet and telecommunications sectors.
In an effort to "position BT ahead of the next wave in communications," the company has created four new high-growth businesses called Ignite, Btopenworld, BT Wireless, and Yell, British Telecommunications officials said in a statement.
Yell, formerly known as Yellow Pages, will be listed separately this year. BT is likely to spin off the three other business as well, officials said.
Newly created Ignite is a broadband IP business focused on corporate and wholesale markets, BT officials said. Btopenworld is another broadband business, focusing on the mass Internet mobile and multimedia market. BT Wireless is a mobile business including BTCellnet and BT's portfolio of mobile assets worldwide.