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 Send to email | Alcatel-Lucent Decapitated: CEO Russo, Chairman Tchuruk Leaving (ALU) in ALU |  By Silicon
el 29-Jul-2008 |
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 Alcatel-Lucent's (ALU) 2006 merger was supposed to create a trans-Atlantic telecom gear giant -- a big link-up in response to massive consolidation among its customers: telephone and wireless carriers. But so far, it's been a dud, and now the deal architects are stepping aside.
Alcatel-Lucent CEO Patricia Russo will leave the company by the end of the year and Chairman Serge Tchuruk will leave on Oct. 1, the company said today.
Since merging, the company has posted six straight quarters of losses, and its stock has dropped 57%, closing Monday at $5.76. WSJ:
Yet some expressed concern that no successor had yet been found, and doubted whether the change in leadership meant that Alcatel-Lucent's fortunes would improve.
"I don't think it should be seen as good news," said WestLB analyst Thomas Langer. "What you need in such difficult times is true leadership." Mr. Langer, who has a "sell" rating on Alcatel-Lucent stock, said no potential replacements spring immediately to mind. ...
Alcatel-Lucent was forced to cut prices and even take some losing contracts last year to keep a foothold in important emerging markets like China and India. The company issued repeated revenue and profit warnings, losing the confidence of some analysts and shareholders.
Alcatel-Lucent shares are up 4.5% to $6.02 in pre-market trading.
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| Xbox 360 Doesn't Violate Alcatel Patents [Legal] | | A federal jury has thrown out the third of five lawsuits brought against Microsoft by Alcatel-Lucent SA which alleged that the Xbox 360 violated the company's video coding patent.
The tech company was seeking $419 million in damages and Microsoft was counter-suing for $11.5 million.
Last February, a federal [..] Read complete article | | Published 06-Jun-2008 by Brian Crecente in alcatel lucentLawsuitMicrosoftXbox 360
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| Nerdblog | Blogger | Provides news about hardware, software, notebooks, laptops, PCs, Mac, PDAs
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| Nerdblog | Blogger | Provides news about hardware, software, notebooks, laptops, PCs, Mac, PDAs
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| Author: Microsoft is Still Here, Dammit! | | Even though Microsoft’s Steve Ballmer bungled Yahoo and Vista is sticking to store shelves, the company he runs is as dangerous as ever, says the author of a new book about the future of Microsoft post-Bill Gates.
While Gates will remain as Microsoft’s chairman, he will no longer be involved in day-to-day decisions, leaving Microsoft’s showy, [...] [..] Read complete article | | Published 08-May-2008 by Nerdblog in General
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| Kotaku`s The Gamers Guide | Blogger | XBOX 360 Gamers Weblog
Gossip, news and leaks for obsessive gamers Kotaku As if you don't waste enough of your time in a gamer's haze, here's Kotaku: a gamer's guide that goes beyond the press release. Gossip, cheats, criticism, design, nostalgia, pred |
| Joystiq | Blogger | Covers video game news from an independent, unbiased perspective
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| Guess who's leaving EA? Bing goes! |  Filed under: Culture, BusinessEA co-founder and Chief Creative Officer (and mountain biker), William "Bing" Gordon, is leaving the monolithic publisher to join Silicon Valley venture capital firm, Kleiner Perkins Cauf [..] Read complete article | | Published 29-Apr-2008 by Ludwig Kietzmann in BingBing-GordonBreakingNewsEAKPCBWilliam-Gordon
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