Alcatel Lucent delivers bleak outlook |
| Times Online - Feb 8, 2008 |
Alcatel Lucent, the struggling French telecoms equipment maker, delivered a fresh blow to investors today, scrapping its dividend and unveiling disappointing guidance for the year ahead.
The poor figures will raise further questions about the future of Patricia Russo, the head of the group which, nearly two years on from a €30 billion merger, is still failing to deliver the hoped-for results.
The company warned that it expects to incur a loss in the first quarter of 2008 and forecast a below expectation operating margin for the full 2008 year of “the low to mid single-digit range”.
It also posted a €2.58 billion (£1.92 billion) loss for the fourth quarter and scrapped its dividend payment.
Read Full Article from Times Online
- Posted: 2008-02-08 10:04:50
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