10/10/2014 7:30 am
Tokyo- Alcatel Lucent SA, one of the world’s largest providers of telecommunications network equipment, is betting on Japan’s surging appetite for the latest smartphone infrastructure to help it develop the technology the global market will need in the future.
Michel Combes, chef executive of the French-American company, this week opened a new research site in Tokyo that will work on development of software and cloud computing services for telecom networks. Thos are the technologies carriers are embracing as they try to ease the load on overburdened hardware.
The facility is the first of its kind for Alcatel-Lucent, which has been focusing on potential growth areas as it accelerate a restructuring under Mr. Combes --- but he describe it as a vote of confidence in the future of the Japanese telecommunication business.
. Alcatel-Lucent's upgrade to "buy" from "hold" at Craig-Hallum. The firm set a $6 price target. According to Bloomberg. Go ALU go.
