Business Services Industry
Alcatel Stock Soars on Expectations of Climbing Fourth-Quarter Sales.
Knight Ridder/Tribune Business News, January, 2003
By Vikas Bajaj, The Dallas Morning News Knight Ridder/Tribune Business News
Jan. 15--Rare glimmers of good news shined down on the telecommunications industry Tuesday by way of Paris.
Alcatel SA's announcement that its fourth-quarter sales will climb by close to 30 percent from the previous quarter sent the company's stock soaring and got some analysts to use "telecommunications" and the "R" word -- recovery -- in the same breath.
The French company with U.S. headquarters in Plano said it did a surprisingly brisk business of selling broadband and wireless gear in the fourth quarter, typically its best of the year.
Cutting its payrolls by thousands of workers helped the company break even operationally before counting some...
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