Wed, Feb 05, 2003 - Page 6 News List

Alcatel has another quarterly loss

DOWN AND OUT Europe's top maker of telecommunications equipment reported that it had a net loss of 1.12 billion euros, or 0.93 euros per share, in the fourth quarter

BLOOMBERG , PARIS

In the fourth quarter, sales fell by a third to 4.5 billion euros. However, it was the first sequential sales increase in eight quarters and sales beat its expectations because of demand for wireless-network equipment and high-speed Internet gear. Alcatel posted a profit from operations of 20 million euros in the fourth quarter, compared with a loss of 368 million euros in the same quarter a year earlier.

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