PARIS, Feb 6 (Reuters) – Telecom equipment maker
Alcatel-Lucent pledged to lift profitability again
this year through cost cuts after six straight quarters of gross
margin improvements, and to list its submarine division in the
Chief Executive Michel Combes also expressed confidence on
Friday that the company would achieve the central pledge of his
turnaround plan which started in June 2013, namely to achieve
positive free cash flow by the end of this year.
PARIS, Feb 2 (Reuters) – In the final year of his turnaround
plan, Alcatel-Lucent’s boss is pushing the telecom network gear
maker to diversify its customer base by selling Internet
equipment to large technology companies and multinational
Chief Executive Michel Combes’ plan to put more emphasis on
so-called edge and core routers that direct traffic on the
Internet has allowed the company to set itself apart from
traditional mobile rivals Ericsson and Nokia
, and leads it into competition with U.S. networking
FRANKFURT/PARIS, Jan 28 (Reuters) – STMicroelectronics
, Europe’s largest semiconductor maker, has predicted a
return to revenue growth in 2015, but gave few signs of reaping
the anticipated currency benefits that have helped propel the
stock 21 percent higher this month.
“Our main objective during 2015 is to continue to deliver
year-over-year improvement, by returning to revenue growth and
by continuing to improve our cost structure,” Chief Executive
Carlo Bozotti said in a statement.
PARIS, Dec 3 (Reuters) – Eighteen months after celebrating a
corporate marriage with U.S.-based Omnicom that was to
dominate the world of advertising, Publicis and its
boss Maurice Levy are single again, and face some awkward
Chairman and chief executive Levy on Thursday faces
investors worried that clients are deserting the French group
and disappointed by a performance that lags the sector. (bit.ly/1yeEhpJ)
PARIS (Reuters) – Gemalto, which makes smart chips for mobile phones, bank cards and biometric passports, is considering acquisitions to speed up plans to surpass 600 million euros (482 million pounds) in revenue from operations by 2017, its CEO said.
The digital security company has dismissed suggestions that Apple’s installation of SIM cards and near-field payment technology into its new tablets and phones could threaten its business plan, saying an expansion of the market was beneficial.
PARIS (Reuters) – European media group Vivendi (VIV.PA: Quote, Profile, Research, Stock Buzz) posted a rise in profit that beat expectations on Friday due to cost cutting and the performance of its music business, while it stayed mum on plans to use billions earned from selling telecoms units.
Vivendi, which is nearing the end of a strategy overhaul began in spring 2012, more than doubled the profits attributable to the group to 839 million euros in the third quarter, including the proceeds from selling Maroc Telecom (IAM.CS: Quote, Profile, Research, Stock Buzz) and a stake in headphone maker Beats.
PARIS, Nov 14 (Reuters) – European media group Vivendi
posted a rise in profit that beat expectations on
Friday due to cost cutting and the performance of its music
business, while it stayed mum on plans to use billions earned
from selling telecoms units.
Vivendi, which is nearing the end of a strategy overhaul
began in spring 2012, more than doubled the profits attributable
to the group to 839 million euros in the third quarter,
including the proceeds from selling Maroc Telecom and a
stake in headphone maker Beats.
PARIS, Oct 30 (Reuters) – Alcatel-Lucent delivered
a net loss as sales fell in a tough third quarter for the
telecoms equipment industry, but it squeezed out more costs to
improve its gross profit margin to 34 percent from 31.9 percent
a year earlier.
The company said on Thursday that its net loss came in at 18
million euros ($22.67 million), down from 200 million a year
earlier, while sales declined 5.9 percent to 3.254 billion
PARIS/FRANKFURT, Oct 29 (Reuters) – STMicroelectronics
, Europe’s largest semiconductor company, said on
Wednesday it would cut costs to sustain higher margin targets in
a softening market, but warned of weaker revenue and profits in
The lowered outlook for ST follows warnings of weakness
ahead from several ST peers over the past month — caution that
has sparked a wave of selling in semiconductor stocks worldwide
and cuts to analyst forecasts for ST itself.
PARIS (Reuters) – Cable operator Numericable (NUME.PA: Quote, Profile, Research, Stock Buzz) won conditional approval on Monday for its multi-billion-euro takeover of Vivendi’s SFR mobile business, paving the way for it to close the deal by the end of the year.
France’s competition authority said Numericable would have to divest certain assets and make its cable network available to its competitors temporarily to give them time to develop their own high-speed broadband networks.