The FT is reporting that Alcatel-Lucent (ALU) may have lost a big piece of the AT&T (T) wireless business. According to the paper "Ericsson is capitalising on Alcatel-Lucent’s severe difficulties to strengthen its leading position in mobile phone infrastructure deals based on WCDMA technology."
Siemens (SI) also apparently picked up business that might have gone to ALU.
The merger of Alcatel and Lucent has been a series of disasters. Although the board of the firm has expressed support for CEO Pat Russo, it is hard to imagine that it will continue. Shares in the company are down from $15.43 earlier this year to just above $10.
A mess.
Douglas A. McIntyre
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