Quotes by Patricia Russo

“Since bringing this matter to the SECs attention, we have addressed these issues with increased controls and disclosures in our organization,”

“Some of our recent wins in China demonstrate our services capabilities,”

“We have seen Chinas 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 see China as an important growth area for Lucents global businesses and an important resource center,”

“Without a doubt, the prospects (of China-US economic and trade relationship) are bright,”

“Its still unclear exactly when the economy and spending will return.”

“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.”

“I think what were seeing is a much tighter holding on spending than we would have expected, ... Its really a general tightening that weve seen across the board thats been commensurate with releases weve seen in that time period.”

“Our deepest, heartfelt sympathy goes out to everyone affected by the scope of this tragic natural disaster, ... At times like these, the performance and reliability of communications networks are more critical than ever. Thats why our Lucent and Bell Labs teams are drawing upon their knowledge and expertise in network disaster recovery to help the Gulf Coast victims and our customers to rapidly restore and rebuild the regions vital communications networks.”

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