Do More With Reuters
Partner Services

INSTANT VIEW: Alcatel-Lucent leaders resign

Tue Jul 29, 2008 2:51pm IST
 
Email | Print | | Single Page
[-] Text [+]

PARIS (Reuters) - Following are analyst comments after Alcatel Lucent announced the departure of both its chairman Serge Tchuruk and its Chief Executive Pat Russo.

ALEXANDER PETERC, EXANE BNP PARIBAS:

These departures are not a total surprise. It is a good thing that the company can now move forward and put behind it the differences between the Lucent parts and Alcatel side. They must now look for someone from the outside who can get on with the task of building an integrated company.

FREDERIC HAMM, FUND MANAGER AT AGILIS GESTION:

Their departure is not a surprise. It could provide a boost to the stock.

FRANCOIS DUHEN, ANALYST AT CM-CIC SECURITIES:

They're average results. They used up 400 million euros of cash over the quarter. The adjusted margin isn't great.

LONDON-BASED TRADER AT AN INVESTMENT BANK:

People have been fed up with her leadership for a long time. The stock has been doing terribly. I think the market will look at the sales this morning. Overall, the numbers are not good and the outlook is bearish, and now the management is put into a slight conundrum and they have to go and try to find a new CEO. So until then, the leadership is questionable and the results are poor.  Continued...

India Investment Summit 2009
India Investment Summit 2009

Top executives and bankers discuss their own plans and the broader opportunities and challenges for India.  Full Coverage 

GLOBAL RECOVERY

A labourer works on a flyover bridge at a construction site in New Delhi October 14, 2009. REUTERS/Parth Sanyal/Files
Global economy in holding pattern - IMF

The global economy is in a holding pattern and vulnerable to more upheaval, the head of the IMF said, adding a lasting recovery will depend on policymakers taking the proper steps in the coming months.  Full Article 

People stroll outside the Taj Mahal hotel ahead of the first anniversary of the militant attacks in Mumbai, November 24, 2009.  REUTERS/Punit Paranjpe
Investors worry about another attack

The risk of militants striking again worries investors who fear that a second attack similar to last year's Mumbai raids could shake the economy.  Full Article | Full Coverage 

Market Update

  • IndiaIndia
  • USUS
  • UKUK
  • Asia
  • Most Actives

road to Copenhagen

BLOGS

Photo
Calculated Move

Reliance aims big with $12 bln bid for LyondellBasell.  Blog 

showcase

U.S. Recession
U.S. Recession

A trip through the epicenters of the American recession.  Full Coverage 

 
Central Banks Cautious
Central Banks Cautious

Reuters tracks the policies of the world's top central banks as the debate over global economic recovery rages on.   Full Coverage 

 
T P Raman
Column - RBI leads the world

Reserve Bank of India's approach ring-fenced the banking system.   Full Article 

 
Funding Blues
Funding Blues

A popular tactic used by Indian brokerages to raise money for rich clients is likely to be banned.  Full Article 

 
Not Enough Jobs
Not Enough Jobs

Venture capital creates jobs, but not enough.  Full Article 

 
Column - A Sweet Dream
Column - A Sweet Dream

There are good reasons for Ferrero to consider a combination with Cadbury.  Full Article