'Didn't see this posted earlier...from the French site with Bing translation:
(CercleFinance.com) - Sanford c. Bernstein has renewed Monday his 'outperformance' opinion and its objective of two euros on Alcatel course # Paris: fr0000120073 - news #-Lucent after 4th quarter results in line with expectations.
The broker said that the operational performance of the Telecom OEM exceeded its estimates in a tighter than expected cost control.
He added that the strength of the flow of cash to the group, an element he had anticipated for its part, should dispel the concerns about a possible filing of balance.
Recognizing that accounting claims somewhat flattered the accounts of the last quarter, the broker also stressed the very good performance at the level of cash flow underlying.
Considers also that the agreement announced on its patents could inflate the profit margins of the Group of 30-100 base term.
'We see no negative catalyst for the coming months and the title should continue its adjustment', concluded Bernstein.