AlcaLu: Only Way Is Up?
Its stock took a 50 percent-plus hit last year as the company made a series of value-eroding announcements. (See AlcaLu Revamps Its Carrier Business, AlcaLu Cuts 4,000 More Jobs, AlcaLu Cuts 2007 Outlook by $1.25B, and more…)
Surely it's not due for a repeat performance?
Today, the share price stands at €4.95 on the Paris stock exchange, quite a drop from the €10.07 it commanded on the giant vendor's first day of trading on December 1, 2006. (See Alcatel-Lucent Stays Tight-Lipped.)
We'll be keeping an eye on AlcaLu's ups and downs again this year. Maybe in 2008 there will be more ups than downs.
— Ray Le Maistre, International News Editor, Light Reading