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Alcatel-Lucent (ALU): Q1 net profit of €398M on a €659M gain for the Genesys sale....

Alcatel-Lucent (ALU): Q1 net profit of €398M on a €659M gain for the Genesys sale. Operating loss of €289M vs. €64M last year. Sales of €3.21B (-12%) fell short of consensus of €3.9B, led by a 12% drop in North America. Says risks in Europe "remain high," and notes the North American transition from CDMA to lower-margin LTE gear is accelerating. Shares -12% in Paris. (PR)
Comments (2)
  • Tombaum eister
    , contributor
    Comments (180) | Send Message
     
    ALU seems to be the eternally sick patient. Of note is that none of their new products, light radio, 100G and patents were commercially marketed in Q1. Nevertheless, prospects for ALU are poor, the Management is not addressing the problems aggressively enough (cost structure, overstaffing, margin erosion etc.) and the stock remains a zombie. With 15 bn euros in sales, having a market cap lower than 3 bn e is really poor. Especially Ben sais that by 2012 ALU will be a normal company that pays a dividend, he should elaborate on his plan and reassure investors. If that does not happen, the stock will be below 1 very soon!
    26 Apr 2012, 11:51 AM Reply Like
  • JayXu
    , contributor
    Comments (260) | Send Message
     
    ALU killed me!! I think I will quit stock market.
    26 Apr 2012, 12:23 PM Reply Like
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