Eager to keep impressing Wall Street with steroidal growth numbers and counting all manner of nascent start-ups and emerging companies among its potential customers, Lucent apparently developed a habit over the years of goosing up its sales with so-called vendor-financing arrangements, in which Lucent would lend customers the money to buy equipment and sometimes install it too. Which all led in part to December’s $679 million “revenue recognition” mea culpa, in which Lucent essentially had to face the music for on-credit purchases that fell through.
When you said that I immediately thought of Lucent
https://time.com/archive/6931645/how-the-once-luminous-lucent-got-into-double-trouble/
jb
npub1y6…7f4p0
2026-10-27 15:49:20 UTC
in reply to nevent1q…h26k
Author Public Key
npub1y68tvad09mvp9vrs43tc4ywwzp78erdvs24w4vmr0hcvv9vv0s6q27f4p0Seen on
wss://poster.place/relayPublished at
2026-10-27 15:49:20 UTCEvent JSON
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