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Is the Worst Over at Alcatel-Lucent?
Clipped to the Drawing Board by George Tan  
Patricia Russo was beaming on Dec. 1, 2006, when she appeared at a Paris press conference celebrating her appointment as chief executive officer of Alcatel-Lucent, a $26 billion global telecom equipment giant newly created by an historic Franco-American merger.

She has had little reason to smile since then. Alcatel-Lucent (ALU) has posted three consecutive quarterly losses. On Oct. 31, the company announced an emergency restructuring plan (BusinessWeek.com, 10/31/07) under which one in five of its 80,000 employees will lose his job by 2009. Shares are down a stomach-churning 50% since January, and five of Russo's top deputies have left the company. Some analysts speculate that Russo herself could be next out the door. (BusinessWeek.com, 9/28/07) No wonder many industry-watchers now say the merger was a mistake.
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Powered by JoomlaCommentCopyright (C) 2006 Frantisek Hliva. All rights reserved.Homepage: http://cavo.co.nr/
Friday 30 November, 2007 10:04 AM
 
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