China 3G

Alcatel-Lucent's CEO: We Understand What We Have To Do

Submitted by Jennifer L. Schenker on February 5, 2009

Paris-based telecom equipment maker Alcatel-Lucent reported Q4 results on Feb. 4 that were slighty better than forecast. However,  it posted a $6.2 billion loss for 2008  after writing off $6 billion in assets, and is still predicting a 8% to 12% decline in profits in 2009. "We understand what we have to do," CEO Ben Verwaayen, said in a press conference.Read more

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