Alcatel-Lucent issues profit warning -- investors sigh
Posted Jan 24th 2007 11:14AM by Brian White
Filed under: Cellular, Hardware, Business
Alcatel-Lucent -- which has a splashy new logo -- said this week that its fourth-quarter revenues will come in below expectations.
Of course, news like this sent manic investors away from shares as share price tanks, which is what happened yesterday as Alcatel-Lucent's
stock fell more than 8% after the company's warning to around $13 per share.
With Alcatel-Lucent getting a healthy does of its business from sales to U.S. wireless carriers, may be suffering the same fate as handset makers like Motorola and LG. Why?
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