Alcatel-Lucent (ALU) expects to have bolstered its rather poor cash position by the end of the...

|By:, SA News Editor

Alcatel-Lucent (ALU) expects to have bolstered its rather poor cash position by the end of the year, CEO Ben Verwaayen says. "We were a company on a cliff. We don’t want to be a company on a cliff," Verwaayen adds. While ALU made its first ever profit last year, it had a negative free cash flow of €458M ($606M).