TITLE

Gloomy Outlook at Alcatel-Lucent

PUB. DATE
February 2008
SOURCE
Red Herring;2/8/2008, p5
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
This article examines Alcatal-Lucent's financial prospects for 2008. It decided to cancel its dividend after recording a �3.5 billion net loss for its first year as a merged entity. In 2006, French telecoms equipment group Alcatal purchased its U.S. rival Lucent. According to the company, an adjusted operating loss is expected in the first quarter of the year due to seasonal patterns. Alcatel-Lucent Chief Executive Patricia Russo points out that the macroeconomic situation has led to uncertainty in their markets.
ACCESSION #
36876106

 

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