scroll to top
Stuck on your essay?
Get ideas from this essay and see how your work stacks up
Word Count: 788
Lucent Technologies Inc is the telecommunication equipment provider for the largest communication service provider It was established in Delaware in November 1995 and it was merged of the ATT and Bell Laboratories The ATT took a charge of systems and technology the Bell Laboratories duty was research and development capabilities In order to success within the communications networking industry the quality production and innovation were the key factors to be consider the most Since 2000 the company started to face with the difficulty from slowdown in the economy Many companies did the bankruptcy due to the bad tight economy in this time The new entrant in the same market was Lucents biggest threat because the new entrant spent large numbers of cost on advertising and charged low price to customers Following by those reasons in 2002 the Lucents first and second quarters trend kept maintaining loss as 423 million and 495 million Lucent needs to adjust and take an action to make positive taxable income in the future and also increase the current losses To decrease the loss Lucent should increase their valuation allowance for deferred tax assets in the third quarter ended June 30 2002 Increase the valuation allowanceThe valuation allowance can be required when the deferred tax asset can be more likely than not be realized Lucent Technology Inc should increase their valuation allowance to more accurately show what the company expects to make in future years Lucent lost 16 billion in 2001 following by their financial statement and kept loss about 1 billion in the first two quarters of fiscal 2002 This can bring question for Lucents ability to make a future profit only using by 8 billion of deferred tax assets Lucent should increase the valuation allowance by 43908 which means increase by few about by 4 billionSEC ViewThe United States Securities Exchange Commission SEC staff should need to look at the Lucents sufficient information
@Kibin is a lifesaver for my essay right now!!
- Sandra Slivka, student @ UC Berkeley
Wow, this is the best essay help I've ever received!
- Camvu Pham, student @ U of M
If I'd known about @Kibin in college, I would have gotten much more sleep
- Jen Soust, alumni @ UCLA