Alcatel-Lucent Posts Loss and Cuts 4,000 Jobs
559755
The job cuts are in addition to 12,500 cuts announced in February. Together, they amount to 20 percent of the work force of Alcatel and Lucent when they combined.
383348
Telecommunications gear maker Alcatel-Lucent  could cut more than 20 percent of its world-wide staff, L'Expansion weekly said on Tuesday on its Website, citing industry sources.
559050
Sprint Nextel  reported deeper-than-expected subscriber losses on Friday and said it would cut about 4,000 jobs, sending its shares down 19 percent to their lowest level in more than five years.
73119
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.
755142
InfoWorld - 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.
664911
(InfoWorld) - Nortel Networks reached a definitive agreement to sell its UMTS (Universal Mobile Telecommunications System) business to Alcatel-Lucent on Monday, locking down a nonbinding agreement announced in September. The Brampton, Ontario, company is selling the 3G (third-generation) infrastructure business so it can focus on developing faster 4G mobile systems and supporting customers with earlier CDMA (Code Division Multiple Access) and GSM (Global System for Mobile Communications) technologies. "We didn't have the scale or momentum to be where we wanted to be and to be able to lead in this space," said Richard Lowe, president of Nortel's Mobility and Converged Core Networks unit. The deal is part of an overall restructuring kicked off by President and Chief Executive Officer Mike Zafirovski after he took over Nortel last year. The company is trying to cut costs to become more competitive and turn around years of poor financial performance. When Nortel signed a memorandum of understanding to sell the UMTS business earlier this year, Alcatel was in the process of closing its merger with Lucent Technologies Inc. Those companies closed their deal and became Alcatel-Lucent last Thursday. What Nortel now has is a binding agreement to sell the UMTS business, which it hopes to close by the end of the month. Alcatel-Lucent will pay US$320 million for the business, minus certain deductions and transaction-related costs. The timing of the agreement just days after the Alcatel-Lucent deal closed was a coincidence, said Alcatel-Lucent spokeswoman RÃ©gine Coqueran. About 1,700 employees from Nortel's UMTS unit will move to Alcatel-Lucent, the companies said. That includes substantially all the research and development team and a portion of other employees in other roles such as sales and support, Lowe said. Nortel will now focus its research on what it calls 4G technologies, including WiMax, EV-DO (Evolution-Data Optimized) Revision C, and the LTE (Long-Term Evolution) generations of UMTS, according to Lowe. All these eventually will deliver multiple megabits per second of bandwidth to mobile devices, he said. Â
765535
- Motorola Inc.  said it expects to cut an additional 4,000 jobs as it continues to lower costs.
425100
Newly merged telecommunications equipment maker Alcatel-Lucent is reportedly to announce 12,000 to 13,000 job cuts when it reveals its annual results on Friday.
91304
Alcatel-Lucent SA fell nearly 9 percent Thursday after the telecommunications equipment maker slashed its full-year revenue growth forecast and said it expects third-quarter operating profit to be "around break-even."
652712
Newly merged telecommunications equipment maker Alcatel-Lucent has reported a slump in underlying profits last year and ramped up planned job cuts to 12,500 or 15.6 percent of its global workforce.
505987
Lucent Technologies Inc. (LU.N: Quote, Profile, Research) , among the world&#39;s largest makers of telecommunications equipment, on Wednesday said its fourth-quarter earnings
582077
Franco-American telecommunications equipment maker Alcatel-Lucent on Friday posted a loss of about $3.8 billion for the fourth quarter, said it would scrap its 2007 dividend and predicted a rocky 2008.
544577
The company scrapped its dividend after posting a net loss of 3.5 billion euros ($5.12 billion) for the year, including a huge charge in the 4th quarter to reflect a drop in value of Lucentâs mobile assets.
157226
Alcatel-Lucent  gave a weak  outlook for 2008 and scrapped its dividend after posting a net  loss of 3.5 billion euros ($5.12 billion) for its first year as  a merged entity.
100073
RAZR phones fail to slice into new markets Motorola has announced another round of layoffs - 4,000 to add to the 3,500 jobs it slashed in January.â¦
154784
The announcement comes after Sprint last week reported deeper-than-expected customer losses for the fourth quarter and said it would cut about 4,000 jobs in a bid to reduce costs.
582845
The media company said it lost $333.4 million in the fourth quarter on write-downs, the cost of newspaper spinoffs and weak ad sales.