Alcatel-Lucent downgrades growth forecast

09/17/2007 | NewsFactor Network

Alcatel-Lucent has revised its mid-single-digit growth forecast for the full year, citing renewed focus on its current restructuring program. "Given ongoing dynamics in the rapidly changing telecom industry, the company is taking steps to accelerate the execution of its current restructuring program and to implement additional focused cost reduction plans in markets which require further actions to be taken," said Alcatel-Lucent CEO Patricia Russo.

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