Tuesday, May 5, 2009
Alcatel-Lucent: Our Earnings Stink in French and English
The econalypse is eroding demand for telecommunications equipment. Operators are cutting spending on network upgrades. Market conditions are tough, but we are taking appropriate actions. It’s a story we’ve heard before, from Ericsson, Nortel and Cisco. This morning we heard it from Alcatel-Lucent.




Alcatel-Lucent, the world’s largest maker of telecommunications equipment, won’t be quite so large come 2009. This morning the struggling Franco-American network supplier said it plans to sack 1,000 managers and 5,000 contractors in a bid to bring down costs. 