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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
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Allianz Technology Trust Plc | LSE:ATT | London | Ordinary Share | GB00BNG2M159 | ORD 2.5P |
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0.00 | 0.00% | 347.50 | 347.50 | 349.50 | 354.00 | 347.50 | 354.00 | 585,303 | 16:29:38 |
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24/4/2007 11:58 | Alcatel-Lucent Posts First-Quarter Operating Loss (Update2) By Rudy Ruitenberg April 24 (Bloomberg) -- Alcatel-Lucent, the world's largest supplier of telecommunications equipment, reported its first operating loss since it was created in December through a merger, as sales of wireless and traditional networks declined. The first-quarter operating loss was about 260 million euros ($353 million), Chief Executive Officer Patricia Russo said today in a conference call. Sales fell about 12 percent to 3.9 billion euros, the second consecutive decline, or 8 percent when excluding the effect of currency moves. Sales fell because of lower volumes for older wireless network equipment in some emerging markets and less demand for traditional telephone gear including some types of switches, Russo said. The company was formed last year through the merger of Alcatel SA and Lucent Technologies Inc. in an effort to fend off increased competition from China's Huawei Technologies Co. and Sweden's Ericsson AB. ``For the first quarter, we expected a bit of light but we didn't get it,'' said Franck Hennin, a fund manager at Richelieu Finance in Paris, which manages about $5 billion. ``The tunnel is longer than expected.'' Shares of Alcatel, which makes wireless base stations to network software, fell as much as 3.2 percent to 9 euros, the biggest drop in a month, and were up 1 cent at 9.31 euros at 12:10 p.m. in Paris. Before today, the stock had lost 15 percent this year, compared with a 5.2 percent drop for Ericsson shares. `Unusual Items' Alcatel-Lucent's first-quarter loss compares with operating profit of 246 million euros a year earlier, assuming the companies been combined at the time. Alcatel and Lucent completed their merger at the start of December. The company broke even on the operating level in the fourth quarter, which included Lucent earnings only during the last month of the period. Half of the loss came from ``unusual items'' such as costs to change contracts and shift customers to different products, Russo said. Sales of equipment using the global system for mobile communications, or GSM, fell in emerging markets, she said. ``In this quarter we continued to see a decline in the legacy environment,'' referring to older switch technology, Russo said. That was ``without seeing the real uptake in the next- generation portfolio.'' The book-to-bill ratio was 1.3 at the end of the first quarter, meaning orders exceeded sales. ``We saw during the quarter a good build in the order pipeline,'' Russo said. A number of agreements were signed ``that begin to reflect the benefits of the merger, evidence that our customers are accepting our portfolio and see us as a strategic partner,'' she said. Job Cuts The company said in February it will shed 12,500 jobs over three years, up from a previous target of 9,000 reductions. Alcatel-Lucent targets pretax cost savings of 1.7 billion euros over three years. The headcount was down 1,900 at the end of the quarter, representing 15 percent of target, Russo said. The company expects 55 percent of the planned cost savings to result from job cuts, with the remainder related to process improvement and products. Alcatel-Lucent has said estimated cash restructuring costs will be 1.6 billion euros, with 900 million euros of cash payments this year. ``We were not expecting to see a lot of cost and saving benefits in the first quarter,'' Russo said. ``Those will come and be reflected in our operating result going forward.'' One-Time Gain The company had a one-time gain of 780 million euros from the sale of assets to Thales SA, Russo said. The company is not giving details on net income for now, Chief Financial Officer Jean-Pascal Beaufret said on the conference call. The company plans to report full earnings on May 11. Alcatel-Lucent in February reported a fourth-quarter net loss of 618 million euros, which included restructuring costs and writedowns of 577 million euros, compared with profit of 381 million euros a year earlier. The company broke even on the operating level in the fourth quarter, compared with operating profit of 566 million euros a year earlier. Pro-forma sales, which assume the merger was in place at the start of 2006, fell 16 percent to 4.42 billion euros from a comparable 5.25 billion euros a year earlier. To contact the reporter on this story: Rudy Ruitenberg in Paris at rruitenberg@bloomber Last Updated: April 24, 2007 06:13 EDT | waldron | |
24/4/2007 07:38 | would say yes | waldron | |
10/4/2007 21:26 | Higher highs, higher lows. Is this significant ? | mikey_b | |
06/4/2007 12:48 | UMTS and 3G What exactly are 3G networks ? It is in fact the result of the mobile system evolution. Here is a quick run-down (1): 1G is the first generation systems. They were analogue and offered only a voice service. 1G systems were very insecure against eavesdroppers, and offered no roaming possibilities. 2G heralded a digital voice and messaging service and offered encrypted transmissions. GSM has become the dominant 2G standard and roaming is now possible between overall 150 countries where GSM is deployed. 3G systems are being rolled out across the globe since 2003. They ultimately offer true broadband data: multimedia messaging, video on demand, videophones and high bandwidth games are available. Third generation systems differ from the second generation in terms of both the bandwidth and data capabilities that they provide. 3G systems can be divided very crudely into three (network) parts: the air interface, the RAN, and the Core Network (Figure 1). The air interface is the technology of the radio hop located between the terminal (the cellular phone, UE) and the UMTS Base Station (NodeB). The Core Network links the operator switches and routers together and extends to a gateway connecting to the wider Internet or PSTN. Finally, the RAN is the `glue' that links the Core Network to the NodeB's and deals with most of the consequences of the terminal's mobility. Figure 1: Third generation network overview. During its development, two flavors of the 3G have emerged. They are known as UMTS (developed and promoted by Europe and Japan) and cdma2000 (developed and promoted by North America). Both are tightly integrated systems that specify the entire architecture (from the air interface to the services offered). Although each has a different air interface and network design, they offer users broadly the same services of voice, video and fast Internet access. Table 1: UMTS QoS classes and applications. Class Name QoS Description Typical application Conversational Delay/jitter high sensitivity Error medium sensitivity VoIP Streaming Jitter high sensitivity Delay/error medium sensitivity Video Streaming Interactive Error high sensitivity Delay/jitter low sensitivity Web browsing Background Error high sensitivity No delay/jitter sensitivity Email transfer As already mentioned, third generation wireless communication systems are providing wide-band multimedia services beside the conventional voice service. In order to support these various services, 3G networks bring a fundamental change since they are expected to be primarily packet-switched instead of circuit-switched. These new services need different QoS management. To support it over the UMTS packet-switched system, the 3GPP has established, in its releases 5 and 6, an architecture for the convergence of data, speech and mobile networks known as IMS (3,2). It is based on a wide range of protocols (SIP, RTP, GPRS, etc.) and combines them to allow real time services over the UMTS. Via the IMS, UE negotiates its capabilities and expresses its QoS requirements (media type, bit rate, bandwidth adaptation, etc.) during a SIP session. After negotiating the parameters at the application level, UE reserves suitable resources from the access network. Once end-to-end QoS is created, the UE encodes and packetizes its media data's and sends these media packets to the access and transport network by using an appropriate transport layer protocol (e.g., TCP or UDP) over IP. The 3GPP has also fixed in (4,5) four classes of services that need to be provided in UMTS. In terms of QoS, that means it will be possible to support several QoS classes linking them to specific applications (Table 1) or end-users profiles. We can easily imagine two different user profiles: Standard users: they pay for a basic use of their mobile terminal. That means they have access to all applications previously presented, but in case of bandwidth starvation in the cell, they accept a degradation or even a cut-off if needed. Premium users: they subscribe for a more expensive contract than the Standard users, but they are almost sure that their communications will not be degraded or cut-off at any time. That would however be the case if all the Standard users | waldron | |
06/4/2007 12:43 | mb, please don't hestitate to expand on your comments/questions. your contribution is appreciated,the main problem is very few read or post to this thread. i for one look and post for reference,but do not hold for the moment. in the mean time,enjoy the long weekend | waldron | |
06/4/2007 09:13 | don't UMTS and 3G go hand in hand ? | mikey_b | |
06/4/2007 08:32 | Date : 06/04/2007 @ 08:48 Source : AFX Alcatel-Lucent to supply 3G network equipment to Vivendi mobile phone unit SFR PARIS (AFX) - Alcatel-Lucent said it has won a contract from Vivendi mobile phone unit SFR for third-generation (3G) network equipment, and added that the two companies will form a strategic partnership for technology. The contract involves Universal Mobile Telecommunications System (UMTS) technology. Its value was not disclosed. SFR has more than 18 mln clients, and the deal makes Alcatel-Lucent its second 3G equipment supplier. paris@afxnews.com mjs | waldron | |
05/4/2007 15:41 | Alcatel-Lucent "hold" Thursday, April 05, 2007 8:36:23 AM ET Société Générale LONDON, April 5 (newratings.com) - Analysts at Societe Generale reiterate their "hold" rating on Alcatel-Lucent (CGE.ETR). The 12-month target price is set to 9.50. In a research note published this morning, the analysts mention that the company's performance in the proprietary mobile infrastructure database business in 1Q07 was robust due to a significant Verizon contract, and other important contract wins in India, Germany and Nigeria. Alcatel-Lucent's margins are likely to remain healthy going forward, the analysts say. | waldron | |
03/4/2007 08:38 | Alcatel-Lucent restates pro-forma FY opg at 925 mln eur vs 1.025 bln UPDATE (adds explanation for restatement) PARIS (AFX) - Alcatel-Lucent restated its pro-forma full year operating profit figure to 925 mln eur from the 1.025 bln it reported in February. A spokesman for the telecom equipment giant said the new figure included share-based payments, specifically the estimated fair value for stock options. Alcatel-Lucent did not count this in February's figure. Pro-forma sales were unchanged from the 18.254 bln posted in February, but component data from its operating segments were adjusted downward for its carriers business and upward for its enterprise sales to businesses and for services. Pro-forma operating results for the fourth quarter showed a loss of 3 mln eur, against an initially reported profit of 21 mln. paris@afxnews.com mjs/jfr | waldron | |
28/3/2007 18:24 | Alcatel-Lucent gets pact from Iusacell ORLANDO, Fla. (AP) - Telecom equipment company Alcatel-Lucent said Wednesday it received a one-year contract from mobile telecommunications operator Iusacell to expand and enhance its existing mobile network to support third-generation code division multiple access (CDMA) technology. Financial terms of the agreement were not disclosed. The new EV-DO Rev. A network will enable Mexico-based Iusacell to continue deployment of services including IusaTV, BAM-Banda Ancha Movil (mobile broadband services) and other multimedia services such as video telephony. The network allows users to receive data at speeds up to 3.1 megabits per second and send data at speeds of up to 1.8 Mbps. As part of the project, Iusacell's existing Alcatel-Lucent-suppl stations and core network will be upgraded to support EV-DO Rev. A technology. Alcatel-Lucent will also provide its 9400 AWY digital microwave radio links to transport network traffic and transmission lines and antennas from radio frequency systems. It will also be responsible for integration, deployment, maintenance and project management services. Shares of Alcatel-Lucent shed 3 cents to $11.90 in afternoon trading on the New York Stock Exchange. | maywillow | |
28/3/2007 09:24 | Alcatel-Lucent wins Telstra order to lay 9,000 km submarine network PARIS (AFX) - Alcatel-Lucent said it has won an order from Australia's Telstra Corporation to lay a 9,000 km submarine network running from Sydney to Hawaii to support Telstra's internet protocol expansion. The financial terms of the contract were not indicated. The submarine network is due to be completed in the second half of 2008. The solution will be based on Alcatel-Lucent's 1620 Light Manager DWDM submarine platform, the company added. paris@afxnews.com gt/rfw | waldron | |
26/3/2007 18:04 | Alcatel-Lucent wins $6bn contract from Verizon Wireless Monday, March 26, 2007 8:52:04 AM ET newratings.com LONDON, March 26 (newratings.com) Alcatel-Lucent (CGE.ETR) Monday announced a contract win from Verizon Wireless for supplying equipment and other services. The three-year agreement is estimated to be worth $6 billion. Under the agreement, Alcatel-Lucent will supply equipment, software and other support services to support the ongoing network expansion at Verizon Wireless, a joint venture between Verizon Communications Inc and Vodafone. With the signing of the contract, Paris-based Alcatel-Lucent continues to be the primary network infrastructure supplier for Basking Ridge, New Jersey-based Verizon Wireless. | waldron | |
23/3/2007 08:26 | Eads(Euro Aeronautic Galileo partners to form joint company within days - report BRUSSELS (AFX) - The eight partners in the Galileo satellite navigation system project will form a joint company within days, the Financial Times reported, citing an EU diplomat. The companies -- including EADS, Alcatel-Lucent, Thales, Inmarsat and Finmeccanica SpA -- have agreed to establish a joint venture to develop the global positioning system, the daily said. Yesterday, EU transport ministers warned the consortium that they will seek alternatives for completing the project unless it resolves key organisation, technical and financial problems. "To date there have been considerable delays," said German transport minister Wolfgang Tiefensee, whose country holds the rotating EU presidency. Unless the companies demonstrate progress by May 10, Tiefensee said, "we (will) need to look to new ways of moving this major innovation project forward and getting it back on track". frances.robinson@afx afp/fr/amb/vm/jlw | ariane | |
16/3/2007 14:43 | not sure I understand the problem there. If the company want to persue useful product lines instead of non-profit making ones they need to progress the restructure as they see fit (in the interest of the company owners - the shareholders). Unions can take a hike IMHO. Anyone care to discuss? | mikey_b | |
16/3/2007 14:34 | CEO Russo "inflexible" on Alcatel-Lucent job cuts - union source PARIS (AFX) - Alcatel-Lucent CEO Patricia Russo remains "inflexible" on proposed job cuts and wants to "proceed quickly", a union representative told Agence France-Presse on the sidelines of a meeting in Paris between Russo and the company's European works council. "Ms Russo remained inflexible", said Dominique Campagna of the CGT union. "No question of a withdrawal of the restructuring plan." "On the contrary, she wants to proceed quickly," the union official said, adding that Patricia Russo argued "the longer the plan is delayed, the more clients will become concerned." Earlier this week, Alcatel-Lucent's European works council said it made an urgent application to the Paris district court for access to additional information on the group's restructuring plan, which calls for 12,500 job cuts worldwide, including 4,500 in Europe and nearly 1,500 in France. Yesterday, the unions held a demonstration in Paris against the job cuts which drew 3,000-5,000 employees from across Europe, according to the CFDT union. paris@afxnews.com afp/gt/amb | waldron | |
16/3/2007 14:29 | Alcatel-Lucent wins order to develop urban WiFi network in Trento, Italy PARIS (AFX) - Alcatel-Lucent said it has won a contract to supply and integrate an urban WiFi wireless-internet network in the Italian province of Trento. The local authorities awarded the project to Alcatel-Lucent and a consortium of sub-contracting companies that includes Essentia S.p.A. and Sensi s.r.l, Alcatel-Lucent said in a press release. No financial details were indicated. "The network Alcatel-Lucent is deploying will provide 1,600 WiFi access points and will be one of the largest in Italy and all of Europe," Trento regional president Lorenzo Dellai said in the same press release. paris@afxnews.com gt/amb | waldron | |
14/3/2007 07:48 | They offered voluntary redundancy with 2 yr pay as an incentive / sweetner - to the French. VR oversubscribed factor 2.5 in UK | mikey_b | |
13/3/2007 18:34 | Alcatel-Lucent works council in court bid for more details on job cuts PARIS (AFX) - Alcatel-Lucent's European works council said it has made an urgent application to the Paris district court for access to additional information on the group's swingeing job-cut plans. The association's secretary Alain Hurstel told Agence France-Presse that its lawyer has asked the court to grant it access to "clarifications and additional information on the employment plan." Workers are scheduled to demonstrate in Paris Thursday against Alcatel-Lucent's plan to slash 12,500 jobs over the next three years and the European works council will meet the following day. Alcatel management has already refused the works council's request to freeze the restructuring plan and unions have criticised the group's "vague" justifications for the job cuts. 4,500 jobs are to go in Europe and 1,468 in France. paris@afxnews.com afp/mrg/jfr | ariane | |
24/2/2007 15:38 | noice chirt | hammy davies snr | |
24/2/2007 15:30 | you too :-) | mikey_b | |
23/2/2007 19:21 | mb cheers enjoy your weekend | grupo guitarlumber | |
23/2/2007 09:54 | Microsoft donate $1.9Bn+ to Alc-Lu ABC On-Line 23/2/2007 | mikey_b |
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