Alcatel expects tough times to linger through next year

Article Abstract:

French telecommunications-equipment company Alcatel S.A. forecast an operating-profit shortfall for 2001, announced 10,000 new layoffs in Europe, and cast doubt on any market pickup before the end of the year.

Labor force information

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Alcatel's profit is expected to fall

Article Abstract:

Alcatel SA is expecting to post a decline in its profits for the first-half of 1999. Analysts said that this was not important as was Alcatel's long-term telecommunications operation strategy. The French-based company is expected to report a 15% decline in its profits. During the same period in 1998, Alcatel posted 2.3 billion French francs (350.6 million euros).

Comment:

Expects to post decline in profits for first-half of 1999

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Alcatel first-half profit fell 21% on increased research spending

Article Abstract:

Alcatel SA posted a decline of 21% in its operating profits for the 1999 first-half. The company, as a result of higher research expenditures, posted 311 million euros in operating profits for the period.

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