Alcatel-Lucent (ALU): How Does Pat Russo Keep Her Job?
Alcatel-Lucent (ALU) hit the market with more bad news. For the quarter ended March 31, the company reported a net loss of €181 million, compared with an €8 million loss a year earlier. Worse, the company said that there are…
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Alcatel-Lucent (ALU) hit the market with more bad news. For the quarter ended March 31, the company reported a net loss of €181 million, compared with an €8 million loss a year earlier.
Worse, the company said that there are more bad times coming.
According to The Wall Street Journal the company "expects revenue to fall 2% to 5% in 2008 due to the weak dollar and potential lower spending by operators." ALU now losses more money and downgrades it forecasts every quarter.
How does CEO Pat Russo keep her job?
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