Mercury News | 07/23/2002 | Lucent posts 9th straight quarterly loss, cuts more jobs

You've got to hand it to them -- Lucent was losing money when losing money wasn't cool. I guess the Big Red Zero corporate symbol should have tipped us off. Throw in AT&T's $12.7 billion -- that's "billion" with a "b" -- loss in the second quarter, and it wasn't a good three months for Ma Bell's national descendants.