Patricia Russo
Patricia Russo
Patricia F. Russoof Lucent Technologies, and its successor, Alcatel-Lucent, a large communications equipment manufacturer. She currently serves on the Board of Directors of General Motors, Merck & Co., and ALCOA, Inc. She serves as Chairman of the nonprofit organization, Partnership at Drugfree.org. Prior to the split of Hewlett-Packard into two companies in 2015, Russo served as Lead Independent Director. She now serves as Chairman of Hewlett Packard Enterprise...
Patricia Russo quotes about
absolutely business fund operations return sufficient
We absolutely have sufficient liquidity to fund the operations of the business and return to break-even,
based confident continued cost decline despite diligently due fiscal focus gross maintained managing margin ongoing operations performance revenue review solid stronger
This quarter, despite the decline in revenue, we maintained a solid gross margin performance due to our continued focus on simplifying our operations and diligently managing our cost structure. Based on the review of our expectations for fiscal 2006 and ongoing interactions with our customers, we are confident that our revenue performance will be much stronger for the remainder of the year.
across board general holding releases seeing seen spending time
I think what we're seeing is a much tighter holding on spending than we would have expected, ... It's really a general tightening that we've seen across the board that's been commensurate with releases we've seen in that time period.
china recent services wins
Some of our recent wins in China demonstrate our services capabilities,
economy few growing industry innovation particular past rapid seen technology within
We have seen China's 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,
accelerate business credible execution forward henry home industry plan team turning
Henry and the team have put in place and are implementing a solid, credible plan for turning this business around. Lucent and this industry have always been a home to me and I look forward to working with this team to accelerate the execution of our plan.
balanced expect fair identified synergy
We expect to take a fair and balanced approach. We have mutually identified synergy opportunities.
china example great local successful using
China is a great example of where we have been successful using local resources,
area businesses china global growth resource
We see China as an important growth area for Lucent's global businesses and an important resource center,
advantage create excited opportunity
We are very excited about this combination. We see this as opportunity to create a clear, competitive advantage in the marketplace.
clearly intend speed
We clearly intend to have speed as our bias.
create point
At this point there is nothing that could create a problem.
bringing controls increased issues matter since
Since bringing this matter to the SEC's attention, we have addressed these issues with increased controls and disclosures in our organization,
build confidence customers enjoy goal past success trust
Lucent's goal is to build on the success of the past and deepen the trust and confidence we enjoy with our customers and suppliers in China,