Alcatel-Lucent Sees Loss Widen in 3rd Quarter

Alcatel-Lucent, the troubled French-American telecommunications equipment maker, said Friday that its third-quarter loss more than quadrupled to 182 million euros, or $271 million, from a year earlier as demand fell for older-generation wireless network gear.

Shares of the Paris-based equipment maker, created by the November 2006 merger of France’s Alcatel and Murray Hill, New Jersey-based Lucent Technologies, fell 5 percent in morning trading. The loss, which followed a 14 million euro profit in the second quarter, dashed hopes of a sustained recovery.

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- Posted: 2009-10-30 10:52:45

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