Alcatel News

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Christophe Ena/Associated Press Alcatel-Lucent CEO Ben Verwaayen delivers his speech Friday during the 2011 annual results in Paris.

Alcatel-Lucent, France's largest telecommunications-equipment supplier, rose the most in a year in Paris after forecasting higher profit margins and announcing a plan to boost cash from its trove of 29,000 patents.

Alcatel-Lucent A shares are down trading after reporting fiscal year 2011 profit of 1.1 billion pound compared with a 334 million pound loss in 2010.A It is also targeting an additional 500 million pounds of cost savings in the coming year.

Three years ago Alcatel-Lucent CEO Ben Verwaayen said he wanted to make the vendor a "normal" company -- one that was growing and profitable.

European stocks fell for the fourth time in five days as a leader in Greece's coalition government said he won't support more spending cuts demanded by the region's finance ministers.

Shares of Alcatel-Lucent are up 25 cents, or 13%, at $2.19 after the company this morning reported Q4 revenue and earnings per share ahead of the consensus and said it may slash as many as 1,800 jobs in a reorganization of its European workforce.

On the commodities front, Oil fell to $99.01 a barrel. Precious metals were also down, with Gold falling to $1,721.50 an ounce while Silver fell 1.30% to settle at $33.48. 1) Greece.

Cobalt International Energy, Inc. : Citigroup raised its price target on Cobalt citing increased probability of success for its offshore Angola operations.

Bank of America Corp : Massachusetts regulators said that they were subpoenaing Bank of America Securities to investigate if the lender knowingly overvalued assets, after investors lost about $150M in investments involving collateralized loan obligations, reported Reuters.

The Franco-American telecom equipment maker has reported profit for the first time since its merger and announced an intellectual property deal, estimated to be worth 1 billion euros.

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Alcatel-Lucent, the latest technology company to announce plans to make money from its patents, may generate several hundred million euros this year alone from its trove of 29,000 rights, Chief Financial Officer Paul Tufano said in an interview today.

Alcatel-Lucent, France's largest telecommunications-equipment supplier, will generate several hundred million euros of revenue from its 29,000 patents, Chief Financial Officer Paul Tufano said in an interview.

Telecommunication equipment maker Alcatel-Lucent reported a profit for the fourth quarter, but revenue fell 12.9 percent year-on-year as the company continues to face a challenging market, it said on Friday.

Alcatel-Lucent has reported its fourth-quarter financial results, and announced a drop of 12.9% in revenues of EUR4.15 billion.

Telecommunications equipment maker Alcatel-Lucent says years of cost-cutting helped it return to profit last year, its first annual net profit since its trans-Atlantic merger in 2006.

A All too often when discussion about Holmdel's current budget crisis comes up the inevitable mention of the Acatel-Lucent tract having been the "Golden Goose" is referenced and made out to be one of -- if not the main -- contributing factor to the town's economic woes.A Not willing to accept this notion at face value, and with a little curiosity ... (more)

In this file photo made Oct. 6, 2009, a mountain-top wireless Internet transmitter tower that serves the Coeur d'Alene Indian reservation and surrounding communities, is shown near Plummer, Idaho.

Alcatel Lucent is scheduled to report its fourth quarter and fiscal 2011 results on Friday February 10, 2012.