How about Alcatel? I had written a piece on Alcatel, almost two years ago in the waning months of Red Herring, about how it could be a comeback story of the telecom. Well looks like things are getting better for the company as it rights itself.
bq. The vendor announced net income of €134 million (US$160.5 million) from revenues of €2.74 billion ($3.29 billion), compared with a €461 million net loss from revenues of €2.96 billion a year earlier (see Alcatel Halves Losses ). That’s Alcatel’s first quarterly profit since 2000.
bq. While there is ongoing contraction in the sales of legacy voice and optical equipment, increasing demand for IP equipment, and VOIP systems in particular, is driving growth. In addition, the French vendor is seeing renewed signs of life in the next-generation metro optical equipment market, spurred on by the ongoing uptake of broadband connections from homes and businesses.