Monday, November 19, 2012
Alcatel-Lucent, S.A. (ALU) 3Q12 Earnings Review
Alcatel-Lucent, S.A. (NYSE:ALU) announced its Q3 earnings results on November 2, which despite posting a bigger loss as compared to last year, beat analyst estimates. The French phone gadgets maker posted a revenue of EUR 3.6 billion, a 2 percent decline year over year while earnings came down at EUR 146 million, or $188 million, equivalent to EUR 0.06 per share. Nonetheless, this performance was better than the loss of about EUR 149.1 million projected by analysts.
Revenue from Networks was reported at nearly EUR 2.2 billion, representing 6.8 percent decline year over year while Software, Services & Solutions was up 4.8 percent. Revenue from the company's enterprise division declined by 3.7 percent.
Geographically, North America accounted for most the company's revenue, contributing nearly EUR 1.46 billion while Europe came second with EUR 893. Asia Pacific region posted EUR 680 worth of revenues while the rest of the world managed EUR 567.
The company has started a restructuring program to try and get back to profitability territories, including disposal of fixed assets. Speaking during the conference call, Ben Verwaayen, the CEO of Alcatel-Lucent said, “our third quarter results are reflective of the significant transformation we are undertaking both in terms of scope and timing. In addition, our revenue growth and gross margin were impacted by overall carrier spending dynamics and product mix, especially in wireless".
The company reported more than EUR 4.7 billion in cash and marketable securities, according to the press release, but posted an overdraft of 84 million in net cash and cash equivalents for the period compared to a positive balance of EUR 236 million posted in Q2. Nonetheless; the CEO expressed that Alcatel-Lucent intends to end the year with positive cash flow.
The company is also engaged in staff layoffs as part of the restructuring process which includes high levels of near term cash expenditure, and this is likely to impact the company's cash flow in 2013 through 2014.
Apple Inc. (AAPL) Reignites Patent Wars With Samsung Over Galaxy Note's Jelly Bean
Apple Inc. (NASDAQ:AAPL) has reignited its never-ending story with Korea's Samsung Electronics Co. Ltd, in a new patent infringement accusation, regarding Galaxy Note's Jelly Bean feature. The iPhone maker has been involved in several lawsuits with the Asian-based giant electronics manufacture winning some and losing others.
However, the stand out this year has been the $1 billion worth of damages it received from the Android platform gadgets specialist, which was shortly followed by an outflow in the opposite direction in another case held in Korea. Apple did not rest after the outcome of the two cases, having already seen a majority of its claims against Samsung Electronics being swept under the carpet despite the judge pointing six cases of infringement in the U.S case.
Apple's iPhone 5 was also a subject of patent infringement as Samsung accused the iPhone maker's new device, on October 1, only weeks after the launch. Google Inc. (NASDAQ:GOOG) followed shortly with its own accusations against Apple, further indicating the intensity of rivalry in the smartphones and tablets industry.
Apple vowed to continue placing more accusations, against its main competitor in the smartphones industry, and the latest appears to be based on the rival's Galaxy Note 10.1. Apple raised the accusations on November 5 in a U.S. Magistrate Judge Paul S. Grewal in federal court, in San Jose regarding the Jelly Bean feature.
Jelly Bean is a new feature introduced by Google in its upgraded Android platform, currently in use in Samsung Galaxy Note 10.1, and the Nexus 7. Apple is seeking a permanent ban of 8 Samsung smartphone models retailing in the U.S markets. The company has already received a green light from U.S. District Judge Lucy Koh who has scheduled December hearings in that case to consider the request.
Apple has also added Samsung Galaxy 10.1 in a case scheduled for 2014 as it looks to cement its market leadership status in the U.S.
Thursday, October 25, 2012
Have you noticed how many anodynes there are laying around on the floor
Have you noticed how many anodynes there are laying around on the floor
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