Alcatel-Lucent's share price sunk by 15 percent to below €1 Tuesday morning on the Paris stock exchange after the company announced it would no longer meet its full-year profit-margin guidance. AlcaLu is now valued at €2.25 billion (US$2.77 billion). (See AlcaLu Revises Outlook and AlcaLu Issues Full-Year Profit Warning.)
Cambridge, U.K.-based CSR is selling its Handset Operations, which employs 310 staff, to Samsung for $310 million, the company announced in a regulatory update.
More news from Cambridge: Amino Technologies plc (London: AMO), the IPTV/OTT set-top box vendor, has moved back into the black, recording an operating profit of £0.2 million ($0.3 million) in its first-half results. It has also teamed up with content delivery specialist Intracom Telecom to win an IPTV contract with an unnamed but "major" operator in South Eastern Europe. (See Amino Reports H1 Profit of £0.2M.)
Türk Telekomunikasyon A.S. has reason to be delighted with its second-quarter results: Group net profits increased by 24 percent year-on-year to 630 million Turkish Lira ($348 million) as investments in its fiber and 3G networks began to pay off. (See Turk Telecom Q2 Profit Hits TL630M.)
— Paul Rainford, Assistant Editor, Europe, Light Reading