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Alcatel-Lucent Loses $3.7B in Q4, Delivers Grim Outlook
lost more than US$3.7 billion in the fourth quarter and predicted a soft market for its telecommunications gear for much of 2008.

The France-based company -- created through a $13 billion merger in 2006 -- also said it would not pay out a dividend to shareholders. However, the company did not announce additional layoffs Latest News about layoffs, as had been widely expected.

Alcatel-Lucent reported a loss of 2.58 billion euros, or US$3.74 billion, in the fourth quarter, more than four times as large as its loss in the year-ago period. Much of the loss was tied to a write-down in the value of Lucent's wireless networking business.
http://www.ecommercetimes.com/story/Alcatel-Lucent-Loses-37B-in-Q4-Delivers-Grim-Outlook-61597.html?welcome=1202521754