Alcatel-Lucent Posts Loss, but Revenue Climbs 18%
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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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European stock markets have risen when a well-received statement from Alcatel-Lucent helped offset a weak showing on Wall Street overnight.
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Telecommunications equipment maker Lucent Technologies Inc., whose multibillion dollar losses forced it to shed 80 percent of its work force, has recorded its first profitable year since 2000.
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Lucent Technologies Inc. LU.N, among  the world's largest makers of telecommunications equipment, on  Wednesday said quarterly earnings rose, helped by improvement  in its wireless networks business, which makes base stations  and other products.
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France's Alcatel calls with some bad news for its shareholders.
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It was a quarter where AMD shipped more product than ever in its history, with 68% more mobile processors headed for trucking than at this time last year, and graphics processors adding substantially to that mix. It regained a full eight points of gross margin over the prior quarter, and reaped 22.9% greater revenue over the third quarter of 2006. And yet it still posted a loss. What's going on?
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The carrier said it was hampered by high fuel prices in the fourth quarter but was able to post a narrower loss, $70 million compared to a loss of $1.98 billion a year earlier,  on a solid increase in sales.
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Network computer maker Sun Microsystems Inc. (SUNW.O: Quote, Profile, Research) on Thursday posted a narrower quarterly loss as revenue rose year over year for the
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Motorola's mobile-phone business recorded a $138 million loss in the third quarter, with handset revenues declining by 36 percent to $4.5 billion in comparison with the year-earlier period. Nevertheless, Motorola executives remain upbeat about the ailing unit's prospects for returning to profitability, noting that substantial progress has been made during the quarter.
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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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There was pain for Alcatel (NYSE:ALA)-Lucent shareholders as the Franco-American company issued its third outlook warning this year on Thursday.
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Lucent Technologies Inc. LU.N, among  the world's largest makers of telecommunications equipment, on  Wednesday said quarterly earnings rose sharply, helped by  improvement in its wireless networks business and lower costs.
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Telecommunications equipment maker Lucent Technologies Inc., rebounding from multibillion dollar losses, reported a larger profit for its fourth fiscal quarter and recorded its first profitable year since 2000.
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Lucent Technologies Inc. LU.N on  Wednesday posted lower quarterly earnings and disappointing  sales despite improved demand for wireless network products,  and the telecommunications gear maker's shares fell.
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FuelCell Energy reports a better-than-expected quarterly loss.
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(InfoWorld) - 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. The deal closed Thursday,Â about eight months after it was announcedÂ and followingÂ national security concerns,Â investor lawsuitsÂ and one close shareholder vote. On Friday, the company is set to begin trading on the Euronext Paris exchange and the New York Stock Exchange under the ticker symbol ALU. Both companies were among the largest suppliers of wired and wireless infrastructure, and the combined entity boasts impressive statistics: 79,000 employees in 130 countries, about 23,000 of whom work in research and development, a services team of more than 18,000, and customer relationships with the 100 largest service providers in the world. The consolidation comes as carriers, the consumers of telecommunications gear, also combine into fewer and bigger entities. The new company will be incorporated in France and based in Paris but run by Chief Executive Officer Patricia Russo, the American outgoing chief of Lucent. Alcatel head Serge Tchuruk is a non-executive chairman of the board. Both were appointed Thursday. Bell Labs, Lucent's venerable research unit, will remain in New Jersey and a special business will be set up to handle sensitive U.S. government contracts. Alcatel will sell its satellite business to ease national security concerns in France. The deal came under fire from some investment firms and shareholders. In September, Lucent settled two proposed class-action lawsuits by investors that threatened to delay its shareholder vote, and the deal then passed with less than 52 percent of the vote. The last key hurdle was approval by the U.S. Committee on Foreign Investment In the U.S. (CFIUS), which earlier this month signed off on the deal on the condition that the companies execute national security agreements with certain U.S. government agencies. Alcatel-Lucent expects to gain significant savings within three years from cutting about 9,000 jobs, consolidating support functions, optimizing its supply and procurement system and leveraging its research and services operations across a larger base. The company will discuss the news on a webcast on Friday at 1 p.m. Central European Time (12 p.m. GMT).
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Cingular Wireless on Monday  posted a  fourth-quarter loss as expenses rose due to its purchase of  AT&T Wireless, but it added roughly twice the number of  subscribers Wall Street expected.