"I am not going to blame anything else than ourselves," says Alcatel-Lucent (ALU +5.5%) CEO Ben...

|By:, SA News Editor

"I am not going to blame anything else than ourselves," says Alcatel-Lucent (ALU +5.5%) CEO Ben Verwaayen, taking responsibility for his company's struggles. Verwaayen suggests Alcatel will try to keep R&D spending high, and focus on reducing cash burn by exiting unprofitable businesses and contracts. He reiterates Alcatel is looking to monetize its valuable patent portfolio, and shoots down speculation of a merger with also-struggling Nokia Siemens (NOK, SI).