AlcaLu: No 'Cisco Effect' for Us
Responding to analyst questions during today’s fourth quarter earnings conference call, Russo said the forecast AlcaLu has made for its first quarter revenues -- expected to be between 20 percent and 25 percent lower than the fourth quarter’s €5.23 billion ($7.6 billion) -- is “nothing to do with the comments that Cisco made.” (See AlcaLu Reports Q4 Loss of €2.6B.)
Russo said that the expected dip in sales was seasonal, and that Alcatel, in past years, had experienced such a drop from fourth to first quarters.
AlcaLu’s new CFO Hubert de Pesquidoux added that AlcaLu had a “good backlog” of business at the end of the fourth quarter. (See Russo Shakes Up AlcaLu's Top Team.)
AlcaLu can well do without the sort of impact Cisco is noticing: Russo expects continued tough trading and market conditions during 2008, with full year sales expected to be slightly down on 2007’s €17.79 billion ($25.8 billion).
The vendor’s share price ended the day in Paris at €4.14, up 1 euro cent.
— Ray Le Maistre, International News Editor, Light Reading