Lucent: Still growth left in CDMA

Lucent CEO and chairman Pat Russo said the "negative speculation about the CDMA market and Lucent is unwarranted" during a conference call discussing the company's Q3 earnings. Lucent's previous two quarters have been rather dismal for the CDMA vendor due to a slowdown in spending on the wireless standard. Russo says the market for CDMA2000 will remain sturdy through 2010 and Lucent will exploit "pockets of growth." She also pointed to EV-DO upgrades and China as specific areas of growth for the company, which saw revenue dip in line with predictions: $2.05 billion down from last year's $2.34 billion.

For more on Lucent's outlook on CDMA growth:
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