Telecom & Wireless
Alcatel-Lucent Scores $1 Billion Chinese Order (ALU)
Published:
Alcatel-Lucent (NYSE: ALU) announced after the close that it has signed a $1 Billion (one billion dollars) framework agreement for 2008 with China Mobile where it will provide mobile communication equipment and services to Chinese mobile giant.
The agreement was secured through Alcatel-Lucent’s flagship company in China, Alcatel Shanghai Bell. Alcatel-Lucent will provide China Mobile with the following:
- mobile core network solutions,
- wireless network solutions,
- TD-SCDMA equipment,
- applications,
- transmission & IP router equipment,
- and the related services.
As far as $1 Billion and how that relates to 2008, First Call has estimates for the telecom equipment company projected north of $26 Billion for the entire fiscal 2008.
Alcatel-Lucent closed up 1.6% at $6.73 along with tech shares today in regular trading. Late after-hours trading has the stock up roughly 4% at $7.00, although listed volume and this far into after-hours may be very different than tomorrow. Its 52-week trading range is $5.08 to $14.57.
Jon C. Ogg
June 16, 2008
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