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Lucent spinoff: Lucent Technologies Inc. said it would spin off a group of slower-growing businesses, forming an $8 billion independent company, as it moves to focus on its fastest-growing businesses in the wake of its recent earnings letdown. The world’s largest maker of telecommunications equipment said the spinoff would include three businesses–its PBX — or company switchboard — operations; Systimax, which makes cabling systems for corporate campuses; and its local-area network data business. Lucent shares jumped $8.44 to $67.94 in morning trading.
