ADVFN - Advanced Financial Network.
HOME» NYSE » A » ALU Stock Price » ALU Stock News

Alcatel-lucent Share News

 Alcatel-lucent Stock Price
ALU Stock Price
 Alcatel-lucent Stock Chart
ALU Stock Chart
 Alcatel-lucent Stock News
ALU Stock News
 Alcatel-lucent Company Information
ALU Company Information
 Alcatel-lucent Stock Trades
ALU Stock Trades

WSJ: Alcatel Lucent Explores Options For Enterprise Business

By Max Colchester Of THE WALL STREET JOURNAL PARIS -(Dow Jones)- Telecoms equipment maker Alcatel Lucent SA (ALU.FR) Wednesday said it was exploring options for its enterprise business unit, including a possible sale to a third party. The announcement follows months of speculation over the fate of the business unit which could be worth at least $1.5 billion, according to people familiar with the matter. The Wall Street Journal in mid-April reported that the company was exploring a sale of its enterprise business and had hired advisers. In a statement made in a filing to the French market regulator, the Franco-American equipment maker said that no decisions had been made over the unit which sells switches and telephone to clients including call centers. "There is no certainty that this review will result in any change to the Alcatel-Lucent Enterprise business," the company said in the statement. Besides office telephones, Alcatel-Lucent's enterprise business also sells switches and other gear. It also sells hardware and software used in call centers. While profitable, it accounts for less than 10% of the company's annual revenue, and doesn't fit with its main operation of selling network gear to telecom carriers. Selling the operation would provide cash that Alcatel Lucent could invest in its other operations just as its fortunes appear to be turning. Alcatel Lucent has bet that booming demand for data hungry smart phones will force telecommunications operators to revamp their networks. Alcatel-Lucent's share price rose rallied sharply in the beginning of the year as demand for gear increased in the U.S resulting in improved revenues. However, analysts have since questioned whether the company is too reliant on the U.S for revenue growth. Competition from Asian telecoms equipment makers, such as ZTE Corp. could also dampen growth prospects, analysts say. Alcatel Lucent has struggled since the landmark combination in 2006 of Alcatel, the French telecom-gear maker, and Lucent, its American counterpart which was once part of the old American Telephone & Telegraph monopoly. The merged company has lost money every year, and by 2008 its market capitalization had shriveled to about $6 billion, from a pre-merger level of $36 billion. Its current market value is about $14 billion. Lucent spun off its enterprise division as Avaya, in 2000. Alcatel Lucent Chief Executive Ben Verwaayen expects the company to be "normal" by the end of 2011, posting regular profits and positive free cash flow. At 1414 GMT Wednesday, Alcatel Lucent's shares were trading up 0.5% at EUR3.64, with the benchmark CAC 40 around 1% higher. -By Max Colchester, Wall Street Journal ; +33 1 4017 1828 ; max.colchester@wsj.com

Stock News for Alcatel-lucent (ALU)
DateTimeHeadline
07/31/201412:41:12EUROPE MARKETS: European Banks, Adidas Drop; Shell Gains
07/31/201406:46:43EUROPE MARKETS: Shell, BG Among Major European Movers; BES Slides
07/31/201405:21:35EUROPE MARKETS: Shell, BG Among Major European Movers; Adidas...
07/31/201402:40:08Alcatel Mulls IPO of Submarine Cable Unit as Loss Narrows
07/02/201417:32:10ADR Shares End Mixed; Telefonica, Veolia Environnement Shares...
07/02/201412:23:21EUROPE MARKETS: Alcatel Higher In Europe, But Orange Shares Sour
07/02/201408:18:39EUROPE MARKETS: Alcatel, Roche Up In Europe, But Orange Shares...
07/02/201406:53:45European Stocks Follow Wall Street Higher--Update
07/02/201405:46:18EUROPE MARKETS: Orange, Bouygues Pullbacks Limit European Gains
05/15/201417:10:12Point72 Bets on BlackBerry and Booz Allen
05/15/201416:54:14Point72, Formerly SAC Capital, Bets on BlackBerry and Booz Allen
05/09/201417:44:09ADR Shares End Mixed; ArcelorMittal, Alcatel-Lucent Shares Active
03/13/201414:00:10EU and China Closing In on Landmark Trade Deal
03/09/201411:48:25French Government Hopes SFR Deal To Cut Market Players to Three-Report
02/24/201411:30:11AT&T Eyes Flexibility, Savings With New Network Design
02/24/201411:12:06AT&T Eyes Flexibility, Cost Savings With New Network Design
02/11/201412:33:17EUROPE MARKETS: European Stocks Climb For Fifth Day In A Row
02/06/201401:28:54Correction to Alcatel-Lucent 4th-Quarter Revenue Headline
01/13/201415:03:33Alcatel in Talks to Sell Enterprise Unit to Unify GmbH, a Venture...
01/13/201412:46:57EUROPE MARKETS: European Stocks Hold Gains; Suedzucker, Banks...

Alcatel-lucent and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad