Ascend saw $197.2 million wiped off its balance sheet in its fourth quarter, as its shareholders prepare to vote on its proposed merger with Lucent.
The $197.2 million loss compares to profit of $47.6 million last year. Revenue for the quarter ending 31 December were $475 million, compared to $293 million last year.
The figures include a $267 million charge related to its acquisition of Stratus Computer. Ascend is currently selling off all of its non telecomms units and keeping the division that builds intelligent networking software.
Lucent announced last week that it will acquire Ascend in a $20 billion stock deal.
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