We believe our revenues will improve in the second fiscal quarter of 2002. In fact, we are seeing early signs of increased customer spending in some segments of our business for that quarter, ... This isn't surprising because even our customers' reduced forecasts for calendar 2002 are still higher than their rate of spending in the current quarter.

Henry Schacht

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It will take the rest of fiscal 2001 to get back on track, ... In the second half of the year the significantly reduced expense levels will take hold.

— Henry Schacht

As we continue to execute our business restructuring program, Frank's deep knowledge of both our financial and product portfolio will be key.

— Henry Schacht

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Despite the short-term weakness in the market, we believe that our Phase II restructuring actions will drive our return to profitability and positive cash flow in fiscal year 2002,

— Henry Schacht

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These are uncertain times. We've got on our belts, suspenders, parachutes and skyhooks,

— Henry Schacht

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As we've said, fiscal year 2001 is a transition and rebuilding year for Lucent,

— Henry Schacht