"We have taken a substantial impairment charge which I think reflects the deterioration in the...

|By:, SA News Editor

"We have taken a substantial impairment charge which I think reflects the deterioration in the marketplace and also the change in our strategy," Alcatel-Lucent (ALU) CEO Ben Verwaayen says, noting goodwill book value still exceeds ALU's market cap. Today's €3.91B writedown follows writedowns of €2.52B and €810M in Q4 2007 and Q2 2008.