Though Alcatel-Lucent (ALU -14.9%) is maintaining its 2012 guidance, the size of its Q1 top-line...

|By:, SA News Editor

Though Alcatel-Lucent (ALU -14.9%) is maintaining its 2012 guidance, the size of its Q1 top-line miss will lead to fresh liquidity fears. Without the proceeds from the Genesys sale, Alcatel's net cash position would have fallen by €304M. The IP division (carrier switches/routers) saw a 23.5% Y/Y sales increase, but all other divisions saw declines, as the company continues bleeding share. Wireless -29.5%, Optics -25.2%, Wireline -8.7%, Enterprise -8.7%, software/services -0.6%. (PR)