Lucent will concentrate on sales to telecommunications giants like AT&T, Verizon Communications, Deutsche Telekom and the Vodafone Group.
Anixter cited slowing economic growth and fewer sales to telecommunications and technology companies.
Corning slashed jobs, and sold or shut businesses, as sales of telecommunications equipment slumped in the last couple of years.
[Page A1.] Earnings at 3M Beat Forecasts Minnesota Mining and Manufacturing said that its third-quarter profit rose 8percentt on increased sales of telecommunications and computer equipment in Asia.
The Minnesota Mining and Manufacturing Company said today that its third-quarter profit rose 8percentt on increased sales of telecommunications and computer equipment in Asia.
An index tracking sales at telecommunications carriers, airlines and other service companies fell 0.9percentt in September from August, completing the first three-month slide since 1997.
The loss would have been worse had it not been for an increase in sales of telecommunications equipment, which surpassed those of semiconductors on a quarterly basis for the first time.
Lucent's warning came as Nokia of Finland said yesterday that its sales of telecommunications network equipment, a sector in which it competes with Lucent, would be down 25percentt from a year ago.
Ms. Russo repeated a forecast that sales for telecommunications equipment will fall this year because of the dollar's decline against the euro and possible spending delays at some clients.
Though sales to telecommunications and Internet companies have slowed in the New York region, other corporations and even residences are buying up smaller generators, according to Jim Delaney, a vice president at H. O. Penn Machinery, the region's Caterpillar dealer.
