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Alcatel-Lucent Message Board

  • wildbill400 wildbill400 Feb 14, 2013 9:31 AM Flag

    NOW ALU CEO WANTS TO STAY? MUST KNOW THE TURN AROUND IS WORKING AND DOES NOT WANT THE NEXT GUY TAKING CREDIT FOR IT!

    More upgrades will result from this news, this is very Bullish for ALU

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    • Wild,

      I think you are misleading the people here. The article you’ve cited is from Feb 8 by Bloomberg where Verwaayen has stated the above mention in the context of securing the GS loan, and not about his leverage on cuts to the board.

      [Once Verwaayen leaves, the top job will revolve around executing the three-year strategy he presented to the lenders, a person with knowledge of the matter said.

      “We’re not going to cut the company up into pieces and put it up for sale,” Verwaayen said at a conference in Paris yesterday. “We have a coherent strategy, a plan, and we’re going to execute it whether I’m here or not.”

      Ericsson, the world’s largest maker of wireless networks, last week reported sales that beat analyst estimates amid rising spending by North American wireless carriers. Alcatel’s revenue in that region, which accounts for 40 percent of its sales, grew 10 percent last quarter and will stay “very strong” this year, Verwaayen said yesterday.

      Pulling a plan together and finalizing details of the loan brought disagreements between Verwaayen and the board late last year to a high point and spurred the directors to begin casting about for options as some members found the conditions too harsh for Alcatel-Lucent, according to people familiar with the matter.]

      http://www.bloomberg.com/news/2013-02-07/alcatel-ceo-exit-leaves-board-grasping-for-someone-to-finish-job.html

    • bobbo64@sbcglobal.net bobbo64 Feb 14, 2013 11:22 AM Flag

      3 buc$ in 2 months.....u just watch.

      Sentiment: Hold

    • bought time for the ignore button for wildbill

      • 1 Reply to brewhaus.rm
      • O.K. Brew read this between the lines!

        “We’re not going to cut the company up into pieces and put it up for sale,” Verwaayen said at a conference in Paris yesterday. “We have a coherent strategy, a plan, and we’re going to execute it whether I’m here or not.”

        Ericsson, the world’s largest maker of wireless networks, last week reported sales that beat analyst estimates amid rising spending by North American wireless carriers. Alcatel’s revenue in that region, which accounts for 40 percent of its sales, grew 10 percent last quarter and will stay “very strong” this year, Verwaayen said yesterday.

        Widbills take on this? The man plans to stay and is using the" leaving deal" as leverage to consolidate more power over the Board to implement the nasty cuts that are needed and opposed by the Socialist French Gov. He and the ALU CFO are tight and have the ALU Board by the nads, job cuts will happen etc.

    • Where did u read this???

      Sentiment: Strong Buy

 
ALU
3.53-0.01(-0.28%)Jul 10 4:02 PMEDT

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