And regular readers shouldn't be surprised to see Alcatel-Lucent (NYSE: ALU) taking the top spot.
AlcaLu is ending the year as it began -- with a weak earnings report and a new plan that includes layoffs. (See AlcaLu Cuts 4,000 More Jobs and Russo Shakes Up AlcaLu's Top Team.)
But it's consistency that put AlcaLu atop the pecking order. Every quarter brought on some kind of disappointment, and AlcaLu management's assessment of the worsening situation didn't score many points with investors. (See Merger Tears Into AlcaLu's Sales and AlcaLu's Russo: We're Under Attack!.)
Plenty else went wrong this year, though. Other companies noted in the Top Ten Turkeys include:
- AT&T Inc. (NYSE: T)
- BT Group plc (NYSE: BT; London: BTA)
- EarthLink Inc. (Nasdaq: ELNK)
- Ericsson AB (Nasdaq: ERIC)
- Sprint Corp. (NYSE: S)
- Yahoo Inc. (Nasdaq: YHOO)
One of them even made the list twice!
To find out more, read the full list here.
— Craig Matsumoto, West Coast Editor, Light Reading