Alcatel-Lucent CEO Steers Firm To A Lower Loss

It isn't often that a chief executive will be hailed when his company loses $52 million, but that's exactly what
happened when Alcatel (NYSE: ALU)-Lucent's new chief Ben Verwaayen announced a $52 million loss this week.

The combo U.S.-French company reported a loss of $51.8 million for its third quarter on a 6.6% drop in sales
of $5.15 billion and, because the loss was so much less than last year's $437 million, Verwaayen was praised
by investment banking analysts and Alcatel-Lucent stock jumped in early trading

InformationWeek