Word: lucent
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...gospel of the network to a packed, 8,000-strong congregation of the converted. We have made great strides, Chambers drawls in his West Virginian birch-beer-sweet voice, but we need to be ever vigilant, for around the corner, right outside this hall, lurks the enemy--Nortel, Lucent and start-up companies we've never heard of, jesters who would steal our cybercrown...
Corporations eager to attract and retain experienced workers have also begun to provide benefits that appeal to grandparents. Lucent Technologies, based in Murray Hill, N.J., offers a variety of family-friendly perks--and grandparents are included in the company's definition of family. Deborah Boyd, who has primary care of her five-year-old grandson Charles, frequently consults company-provided counselors for answers to child-rearing questions. She has also applied for and received two separate grants to enhance his child-care center: $3,000 to buy a classroom computer and $19,000 for new playground equipment. Boyd is delighted...
...take a flyer on striking it rich quickly in dot.com land. "I didn't want someone in 20 years to ask me where I was when the Internet took off," says Greg Schoeny, a recent University of Denver M.B.A. who passed up opportunities with established technology firms like Lucent to work at an Internet start-up called STS Communications. Schoeny is a double-dare sort who also likes to ski in the Rockies' dangerous, unpatrolled backcountry...
That said, from a purely business standpoint Fiorina was a logical choice to take over HP, coming off a remarkable run as president of the $20 billion Global Services division at Lucent. She was partly responsible for re-engineering Lucent into a technology highflyer from what was once Ma Bell's phonemaker. Lucent is now a leading global supplier of cell-phone networking gear and the digital-switching systems that are critical components of voice and data networks--you know, the Internet. She even helped design the red-swirl logo that marks Lucent as a leading-edge company...
What may matter most, though, is where the stock settles after the inevitable post-IPO run-up. I'd love to own UPS as a back-door Internet play, much like profitable equipment makers Lucent and IBM. But if Netniks drive the stock too high too fast, FDX, sliding lately, may be the better stock. Attention from the UPS offering and a repeat breakout holiday season for online shopping could send it on another...