Euronews: AlcaLu Tanks in Q1

Alcatel-Lucent (NYSE: ALU), Nokia Corp. (NYSE: NOK) and Transmode Systems AB are in the frame for today's snapshot of EMEA telecom news.

  • The sale of its Genesys unit helped AlcaLu achieve a net profit of €398 million (US$526 million) for the first quarter of 2012, but behind that headline figure the news was almost universally negative. Revenues were down 12.3 percent year-on-year to €3.2 billion ($4.23 billion), gross margins slipped to near 30 percent and the company's share price lost more than 14 percent of its value on the Paris exchange in morning trading. C'est un cauchemar! (See Bad Start to 2012 for AlcaLu and AlcaLu Reports Q1 Profit of €398M.)

  • Some good news for Nokia at last: The European Patent Office has revoked a patent held by German firm IPCom which, if it had been upheld, could have prevented the sale of some Nokia -- and High Tech Computer Corp. (HTC) (Taiwan: 2498) -- handsets in Germany. In a statement, Paul Melin, Nokia's vice president, Intellectual Property, said: "IPCom needs to recognize its position and end its unrealistic demands for what remains of this significantly diminished portfolio." (See Intellectual Property Boom and Making Sense of the Handset Patent Plays.)

  • Strong growth in the Americas helped Swedish optical equipment vendor Transmode increase its first-quarter net profits fivefold year-on-year to 31.2 million Swedish kronor ($4.6 million). (See Transmode Makes Q1 Profit of SEK31.2M and Transmode Sticks to Growth Path.)

  • Vivendi , the French conglomerate that owns SFR among lots of other stuff, is considering splitting itself in two, reports Bloomberg, with one half taking care of media-related units and the other focusing on telecom and content distribution. (See Euronews: Vivendi Vexed Over Free Ride and Vivendi Takes SFR Stake.)

  • AboveNet Inc. (NYSE: ABVT) has formed a partnership with ancotel , which will see the former using the latter's Frankfurt hub to extend the availability of its low-latency Ethernet services. Ancotel's hub is officially known as the "virtual meet me room" (vmmr). Aah, cute. Or ridiculous. One of the two. (See AboveNet Hooks Up to ancotel Exchange, Mike Tighe's 100G Vision and AboveNet Finds $2.2B Buyer in Zayo Group.)

    — Paul Rainford, Assistant Editor, Europe, Light Reading

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