Alcatel-Lucent Scores $1 Billion Chinese Order (ALU)

Posted: June 16, 2008 at 5:40 pm

Alcatel-Lucent (NYSE: ALU) announced after the close that it has signed a $1 Billion (one billion dollars) framework agreement for 2008 with China Mobile where it will provide mobile communication equipment and services to Chinese mobile giant. 

The agreement was secured through Alcatel-Lucent’s flagship company in China, Alcatel Shanghai Bell.  Alcatel-Lucent will provide China Mobile with the following:

  • mobile core network solutions,
  • wireless network solutions,
  • TD-SCDMA equipment,
  • applications,
  • transmission & IP router equipment,
  • and the related services.

As far as $1 Billion and how that relates to 2008, First Call has estimates for the telecom equipment company projected north of $26 Billion for the entire fiscal 2008.

Alcatel-Lucent closed up 1.6% at $6.73 along with tech shares today in regular trading.  Late after-hours trading has the stock up roughly 4% at $7.00, although listed volume and this far into after-hours may be very different than tomorrow.  Its 52-week trading range is $5.08 to $14.57.

Jon C. Ogg
June 16, 2008

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