Market Currents
As Alcatel-Lucent (ALU -1.9%) continues to flirt with the $1 threshold, SA's Stephen Simpson...
-
Monday, July 30, 2012, 2:15 PM ETAs Alcatel-Lucent (ALU -1.9%) continues to flirt with the $1 threshold, SA's Stephen Simpson expresses doubts about the telecom equipment vendor's ability to stage a turnaround before its debts come due. ALU has burned through ~€4B in cash over the last 5 years, Simpson observes, and its restructuring plan will cost it another €800M. Meanwhile, over €2.3B worth of debt will mature over the next 3 years, and near-term industry capex is weak. (Q2 results) (downgrades)
Other date
TECH ETFs IN FOCUS
Latest Tech Articles
This news story has 1 comment:
ALU is another TITANIC plain and simple !