Company Name: Alcatel-Lucent
Stock Market: NYSE Arca Tech 100 (ALU)
Industry Sector: Communication Equipment/Technology
Market Capitalisation: $6.33 billion (USD)
Yearly Revenue: $17,792 billion (based on fiscal year 2007)
Operating Income: -$4,249 billion
Net Income: -$3,518 billion
Total Assets: $33,830 billion
Key People: Ben Verwaayen, Managing Director
Hubert De Pesquidoux, CFO
Headquarters Address: 54 Rue La Boetie,
Paris, 75008,
France
Number of Employees: 76,410
Website Address: http://www.alcatel-lucent,com
Company Overview
Alcatel began in 1898 with the founding of Compagnie Generale d’Electricite. The current name Alcatel comes from the acquisition of Societe Alsacienne de Constructions Atomiques, de Telecommunications et d’Electronique in 1968. It eventually became Alcatel in 1998. Since 1990, many North American companies were acquired. In 2006, Alcatel and Lucent Technologies merged and was expected to have revenues of approximately $25 billion. In February 2008, Alcatel-Lucent posted a $374 billion fourth quarter loss which resulted in cancelling its dividends. Analysts suggested that Alcatel had overpaid for Lucent.
Alcatel-Lucent has offices in more than 130 countries and employees over 77,000 people. The company is incorporated in France with executive offices located in Paris. The company organization involves three business groups. The Carrier Business Group serves fixed, wireless and convergent service providers. The Enterprise Business Group focuses on meeting the needs of business customers. The Services Business Group designs, deploys, manages and maintains networks worldwide. The company does business in the Americas, Europe, Africa and Asia.
They currently have more than 25,000 active patents covering virtually every technology area.
The company values are customers first, innovation, teamwork, respect and accountability. Their mission is to make sure that customers thrive, business grows and to enrich the personal communications experience for people around the world.
Their vision is to enrich people’s lives by transforming the way the world communicates.
Current Financial Overview
As of July 2008, Carrier revenues declined 3%, Enterprise revenues grew by 7% and Services revenues grew by 16%. Due to the uncertainty regarding spending in North American, the company has taken more cautious mid-term assumptions. They have continued to make progress in reducing fixed cost while operating expenses declined 8.6% year over year and 1.7% sequentially. They are seeing a strong than expected demand for mobile access in emerging marketing especially in Asia. Third quarter revenues are expected to be flat followed by a strong fourth quarter.
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