Alcatel-Lucent sees loss, uncertain 2008
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Telecommunication equipment titan Alcatel-Lucent sees global economic woes causing it uncertainty in 2008 after the newly merged company survived a choppy 2007, reporting a fourth-quarter loss Friday and scrapping its dividend for last year.
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Telecoms equipment provider Alcatel-Lucent  could cut up to 20 percent of staff, French weekly l'Expansion reported on Tuesday.
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Freshly merged Alcatel-Lucent  is  stepping up job cuts to 12,500 after lurching into a fourth  quarter loss and forecast a first-quarter sales dip as tough  trading and uncertainties from the tie-up take their toll.
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Alcatel shares  fell as much as  6.3 percent on Tuesday after U.S. merger partner Lucent  Technologies  warned fiscal third-quarter earnings would  be hit by weak wireless sales in North America.
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Shares in telecommunications equipment maker Alcatel-Lucent SA fell Thursday to their lowest level after the company slashed its forecast for full-year revenue growth in its third profit warning since the start of the year
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Alcatel disputed criticism about its planned takeover of Lucent and insisted that the deal would be good for shareholders.
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PARIS  --  Alcatel SA and Lucent Technologies Inc. overcame shareholder misgivings to win firm backing Thursday for their $10.7 billion tie-up to create a major global telecommunications equipment maker.
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Alcatel-Lucent, a global communications giant with combined annual revenue of more than US$24 billion, will debut Friday after a sometimes rocky engagement between Alcatel SA and Lucent Technologies Inc.
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French telecoms giant Alcatel-Lucent unveils disappointing sales forecasts, prompting a stock plunge.
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Telecommunications equipment maker Alcatel-Lucent  could cut more than 20 percent of its world-wide staff, French weekly L'Expansion reported on Tuesday, citing industry sources.
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Some say 2008 will mark a dark turning point for the newspaper industry, which has been besieged by shrinking profits and tumbling stock prices.
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Alcatel-Lucent cut its revenue forecast for the year on Thursday, underscoring the challenges the newly merged company faces in a highly competitive communications equipment industry.
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Alcatel-Lucent finished its first full year as a merged company with a net loss of 3.52 billion euros and sales of 17.79 billion euros, a 2.5 percent drop.
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Alcatel-Lucent reported higher sales but a net loss for the fourth quarter due to a big writedown in its CDMA (code division multiple access) and IP (Internet protocol) multimedia services businesses.
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Freshly merged Alcatel-Lucent is stepping up job cuts to 12,500 after lurching into a fourth-quarter loss and forecast a first-quarter sales dip as tough trading and uncertainties from the tie-up take their toll.
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Lucent Technologies Inc.  said  on Monday it expects third-quarter earnings to fall due mainly  to slower sales of wireless network equipment in North America,  in news that pushed down its shares.
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Sprint Nextel Corp  reported  deeper than expected subscriber losses on Friday and said it  would cut about 4,000 jobs, raising fears of a slowdown in the  U.S. wireless industry, and its stock dropped nearly 25  percent.