Lucent selling plants
Rumours were circulating last week that embattled networking equipment vendor Lucent Technologies was negotiating a deal to sell two of its manufacturing plants to Canadian contract manufacturer Celestica.
A Lucent spokesperson confirmed the company is moving forward with plans to divest its US plants in Oklahoma City and Columbus, as part of a restructuring program but wouldn't discuss whether Celestica was a suitor.
Platypus' new CEO
Platypus Technology has appointed Anthony Lynn as general manager for Australia and vice president of global research and development. Based in Sydney, Lynn aims to ramp-up the high-performance storage system developer's global R&D and manufacturing activities in preparation for the launch of its new SDRAM-based solid-state drive for servers, due for release shortly.
Telstra takes Flight
Flight Centre has tightened its relationship with Telstra after awarding the telco a $30 million, three-year voice and data contract in an effort to save on telecommunications costs. Telstra's wide area network (WAN) based data solution and voice package is expected to contribute significant savings to Flight Centre's operations by replacing manual processes and increasing communication between dispersed offices, consultants and suppliers. Flight Centre will use the improved efficiencies to boost global growth.
Stock-aches for Nokia
Nokia's stock price dipped sharply last week after the handset manufacturer issued profit warnings and predicted 2001 would see almost no growth over 2000 figures. The announcement confirms that profitability issues, being experienced by the telco sector at large, are directly related to wireless handset production. The company blamed reduced profits on "general market deterioration driven by economic uncertainty, the ongoing technology transition and less aggressive marketing by the operators." Nokia predicts the slowdown will continue into the second half of 2001.