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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The maker of fiber optic networking gear said it had sharply narrowed its fourth-quarter loss, but its sales forecast fell short of Wall Street estimates.
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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.
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Lucent Technologies has averted a potentially embarrassing delay of its shareholder vote on a merger with Alcatel,Â settling two suits by shareholdersÂ who said the deal doesn't maximize shareholder value.
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InfoWorld - Alcatel-Lucent has invested in WiMax chip maker Sequans Communications, the latest show of support for the emerging long-range wireless networking technology.
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Quarterly losses narrowed to $59 million, or 16 cents per share, from $139 million, or 43 cents per share, a year ago. Excluding about $63 million in restructuring, transformation and integration costs, the
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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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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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Stock futures pointed to a lower market  open on Thursday as the technology sector remains under  pressure after Alcatel-Lucent  slashed its revenue  outlook.
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The electronics company posts a big loss amid a variety of problems the company says are "self-induced." It also warns it expects an operating loss for the current quarter, which includes the rest of the holiday selling season.
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Analysts at IDC predict annual growth in mobile phone sales will drop below 10 percent this year, casting doubt on Nokia's more upbeat outlook for 2008.
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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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Shareholders in French telecommunications equipment maker Alcatel and US group Lucent were holding separate general assemblies on a merger to create a giant valued at 21.5 billion euros (27 billion dollars).
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Alcatel-Lucent  on Friday said it would cut about 12,500 jobs over three years, more than previously announced, as it reported a fourth-quarter net loss and forecast a drop in first-quarter revenues.
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Alcatel-Lucent  on Friday said it would cut some 12,500 jobs over three years as it reported a dip into net loss for the fourth quarter and forecast a drop in first-quarter revenues.
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Alcatel-Lucent SA has invested in WiMax chip maker Sequans Communications, the latest show of support for the emerging long-range wireless networking technology.
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Plus:  EarthLink trims outlook...AT&#38;T posts $7.1 billion loss...Lucent sees first profitable year since 2000...EMC issues sunny report.