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Lucent dimming: Lucent Technologies Inc., the world’s largest telecommunications equipment maker, reported lackluster first quarter revenues–$800 million short of expectations–but better-than-expected profits, sending its stock price sharply lower. Lucent’s profits totaled $2.7 billion, or $2 a share, including a $1.3 billion gain due to changes in accounting, versus $792 million, or 61 cents, a year earlier. Lucent’s first-quarter revenues grew only 6 percent, to $9.2 billion from $8.7 billion a year earlier. The company said some revenue expected in the first quarter would be delayed.
