Alcatel-Lucent Shares Fall Most Since 2008 on Outlook

Alcatel-Lucent SA, the world’s biggest supplier of fixed-line phone networks, fell the most in more than a year in Paris trading after lowering its profit- margin targets for 2010.

Alcatel tumbled as much as 13 percent after the Paris- based company said it is aiming for an adjusted operating margin of between 1 percent and 5 percent “in what remains a highly competitive environment.” It previously set a margin goal in the “mid-single-digit” range.

Alcatel “is exposed to the same tough market as other vendors and is signaling yet another tough year of price aggression in the wireless-infrastructure market,” Rod Hall and Malvika Gupta, analysts at J.P. Morgan, wrote in a note.

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- Posted: 2010-02-11 11:21:08

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