Lucent lowers sales forecast

Lucent Technologies [NYSE: LU] has lowered its expected revenues for the latest quarter and sees a delay in returning to profitability.

The company readjusted its forecast to a modest-to-10% improvement on a sequential basis for Q2 from the previous guidance of the top line of a 10-15% improvement. Sales are now expected to be down about 25% from the year-earlier quarter.