Alcatel loss narrows in 2Q but revenue stagnates

SHARE Alcatel loss narrows in 2Q but revenue stagnates

PARIS — Telecommunications equipment company Alcatel-Lucent SA says its net loss narrowed in the second quarter thanks to lower accounting charges, while revenue stagnated and restructuring charges mounted.

The company, which has racked up billions of euros of losses since its creation and undergone repeated rounds of restructuring since 2006, reported a net loss of $400 million, compared with a net loss of $1.1 billion a year earlier, when it wrote down the value of its assets.

Chief executive Michel Combes said in a statement Thursday the company had completed “the first step of its transformation” and would stop burning cash in 2015.

The company hasn’t said when it expects to make a profit. Alcatel-Lucent has suffered from increased competition from China and the expense of deep restructuring.


Alcatel-Lucent chief dismisses Nokia rumors

Alcatel-Lucent inks deal with China Huaxin

Alcatel-Lucent to cut fewer jobs in France


THE ASSOCIATED PRESS

The Latest
The woman struck a pole in the 3000 block of East 106th Street, police said.
After about seven and half hours of deliberations, the jury convicted Sandra Kolalou of all charges including first-degree murder, dismembering Frances Walker’s body, concealing a homicidal death and aggravated identity theft. Her attorney plans to appeal.
Ryan Leonard continues a tradition of finding early morel mushrooms in Cook County.
During a tense vacation together, it turns out she was writing to someone about her sibling’s ‘B.S.’
A Chicago couple has invested at least $4.2 million into building a three-story yellow brick home.