Lucent Technologies Purchase of Riverstone Networks Assets Approved by Bankruptcy Court; Upon the integration of Riverstone Networks' Assets, Lucent would become an industry leader in carrier-grade Ethernet solutions, supporting delivery of new high-speed 'triple play' services for businesses and consumers

This news release contains forward-looking statements that are based on Lucent Technologies' current expectations, estimates, and beliefs about the consummation of its proposed purchase of the assets and business of Riverstone Networks, Lucent's ability to successfully integrate and operat...

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Bibliographic Details
Published inPR Newswire
Format Newsletter
LanguageEnglish
Published New York PR Newswire Association LLC 23.03.2006
Subjects
Alliances
Asset acquisitions
Bankruptcy
Business services
Ethernet
Federal courts
Multimedia
Service introduction
Software
Virtual private networks
Wireless networks
MURRAY HILL, N.J
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Summary:This news release contains forward-looking statements that are based on Lucent Technologies' current expectations, estimates, and beliefs about the consummation of its proposed purchase of the assets and business of Riverstone Networks, Lucent's ability to successfully integrate and operate that business and the future performance of that business. These forward-looking statements speak only as of the date of this release and are subject to risks and uncertainties that may cause actual results to differ materially. These risks and uncertainties include the successful and timely consummation of the proposed purchase, the successful and timely integration of the acquired assets into Lucent's business, unforeseen technical issues and acceptance of Lucent's product and service offerings, along with those risks and uncertainties detailed from time to time in Lucent's SEC reports, including the reports on Forms 10-K and 10-Q. Except as required under the federal securities laws and the rules and regulations of the SEC, Lucent does not have any intention or obligation to update publicly these forward-looking statements, whether as a result of new information, future events, changes in assumptions, or otherwise.