Alcatel-Lucent Posts Loss, Blames Flat Outlook on Weak Dollar
Alcatel-Lucent reported a fifth straight quarterly loss on Wednesday and braced investors for a bleak 2008 future, saying the telecommunication equipment market will be flat. The company said it lost about $282 million compared with a loss of about $12 million a year earlier, when results were boosted by an asset sale. Revenues fell to about $6.02 billion from about $6.04 billion a year earlier. For the full year, Alcatel-Lucent said it expects revenue to decline 2 percent to 5 percent due to the weak dollar and lower spending by telecom operators, its biggest customers.
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Alcatel-Lucent Posts Loss, Blames Flat Outlook on Weak Dollar
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