August 2, 2009 | FierceBroadbandWireless – Alcatel-Lucent is finally making the financial analyst community a bit happier, posting a profit for the first time since the combined company made its debut
August 2, 2009 | FierceBroadbandWireless – Alcatel-Lucent is finally making the financial analyst community a bit happier, posting a profit for the first time since the combined company made its debut in 2006. And company CEO Ben Verwaayen is pointing to Long Term Evolution (LTE) technology as the fuel for the company’s recovery long term.
As news of the company’s $19.6 million net profit for the quarter came out, Alcatel-Lucent shares rose more than 9 percent. The company attributed these gains to the sale of satellite business and its stake in French defense contractor Thales SA. Alcatel-Lucent is now examining what other non-core assets it can sell.
