26 Quotes by Patricia Russo

We have seen China's economy growing at 8-9% over the past few years and in particular within the telecom industry there has been rapid developments in technology and innovation enhancements,

We absolutely have sufficient liquidity to fund the operations of the business and return to break-even,

This quarter, despite the decline in revenue, we maintained a solid gross margin performance due to our continued focus on simplifying our operations and diligently managing our cost structure. Based on the review of our expectations for fiscal 2006 and ongoing interactions with our customers, we are confident that our revenue performance will be much stronger for the remainder of the year.

Lucent's goal is to build on the success of the past and deepen the trust and confidence we enjoy with our customers and suppliers in China,

Since bringing this matter to the SEC's attention, we have addressed these issues with increased controls and disclosures in our organization,

Only in the last couple of weeks have we seen the effects of a general tightening on spending that has caused us to modify our expectations, ... We still see growth, but we thought it prudent to share that we see a tempering.

China is a great example of where we have been successful using local resources,

Henry and the team have put in place and are implementing a solid, credible plan for turning this business around. Lucent and this industry have always been a home to me and I look forward to working with this team to accelerate the execution of our plan.

We expect to take a fair and balanced approach. We have mutually identified synergy opportunities.