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.)