Nortel calls on efficiency to revive profit: improved productivity lifts operating margin; "squeezing like crazy"

Article Abstract:

Third-quarter net profit for Canadian telecommunications equipment company Nortel Networks Corp. rose as its recent restructuring improved productivity and prompted new orders. Shares increased 18% to $19.18, and productivity gains nearly doubled operating margin to reach 5%. However, revenue dropped 8% to $2.7 bil.

Sales, profits & dividends, Securities issued, listed, Canada, Securities, Company sales and earnings, Nortel Networks Corp., NT, Company earnings/profit, Company securities, Financial report

---

Alcatel-Lucent hits the ground, prepares to cut products and jobs

Article Abstract:

With its $11.6 billion acquisition of Lucent Technologies Inc. complete, French telecommunications equipment manufacturer Alcatel must now decide which products to discontinue, and which staff to cut . In order for the merger to succeed, the company must save $1.87 billion per year by 2009.

Personnel administration, Product discontinued, Human resource management, France, Lucent Technologies Inc., LU, Compagnie Financiere Alcatel, Company personnel management, Product discontinuation, CGEP.PA

---

Motorola to buy Symbol Technologies

Article Abstract:

Motorola Inc. of the United States is to purchase Symbol Technologies Inc. also of the United States for $3.9 billion. The mobile phone manufacturer is planning on increasing it's customer base with the acquisition. Motorola Inc. is the second largest cell phone maker worldwide.

Electromedical equipment, Symbol Technologies Inc., SBL, Motorola Inc., Laser industry, Company overview

Similar abstracts:

• Abstracts: Norway to mandate employer pensions. EU to improve bloc cooperation on financial laws. France's rules on workweek caps to be rolled back
• Abstracts: Boeing boosts forecast for year as profit doubles. Boeing ventures into recycling as jet sales soar
• Abstracts: Carrefour's CEO sets revival plan as net profit falls. With profit falling, Carrefour rethinks strategy
• Abstracts: Deutsche Bank's net profit triples, helped by strong capital markets. Deutsche Bank's net rises 29% on strong commission income
• Abstracts: Gas cartel gains traction with alliance set to meet: producers to weigh OPEC-like group; big hurdles remain. Austria's OMV plans to acquire utility Verbund

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.