European shares recovered from earlier losses to close higher on Monday, after U.S. retail data surpassed estimates.» Read More
*Press release- WiLan initiates LTE-related patent infringement litigations. *Initiates lte-related patent infringement litigations. Alcatel Lucent-USA, Ericsson among other parties.
Shares in French telecom equipment gear maker Alcatel drop 2.5 percent, the biggest loser on France's blue-chip CAC 40 index, after UBS downgrades the stock to' Sell' from' Neutral'. "Our recent conversations suggest Alcatel is likely to once again sell assets to pay back bond holders to the detriment of equity holders," they add.
Oct 1- Alcatel Lucent SA:. *UBS cuts Alcatel Lucent to sell from neutral. Reuters Station users, click. 1580.
Ben Verwaayen, CEO of Alcatel-Lucent, told CNBC, "We live in a tough market environment; people have a lot of expectations from technology, there is a huge demand for tablets, smartphones for new ways of communicating but the reality is the things that we do making networks is substantially less on a systemic basis then it was before, so as a company you have to face reality and take firm action."
Rajeev Singh-Molares, EVP & President, Asia Pacific at Alcatel-Lucent says that after a particularly slow first quarter, Asia's mobile markets will rebound over the rest of the year. China will publish its plan for a national broadband network later in the year and this will drive growth in the mobile industry.
A look at how telecom giant, Alcatel-Lucent plans to capitalize on an ever-expanding mobile marketplace, with Ben Verwaayen, Alcatel-Lucent CEO, and Carly Fiorina, former HP CEO.
Discussing the company's great stock run and future growth, with Ben Verwaayen, Alcatel-Lucent CEO and CNBC's David Faber.
In the last two decades, nuclear disarmament has become an integral part of the electricity industry, little known to most Americans, according to the New York Times.
Cisco Systems reported a profit that declined from last year's levels but handily beat Wall Street estimates, pushing the company's stock higher in late trading.