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Different kinds of optical fiber are exhibited at a workshop on board an Alcatel-Lucent ship, after arriving at the Caribbean port of Cartagena July 29, 2013.
Different kinds of optical fiber are exhibited at a workshop on board an Alcatel-Lucent ship, after arriving at the Caribbean port of Cartagena July 29, 2013.
(Jose Miguel Gomez/Reuters)

FINANCIAL TIMES

Alcatel-Lucent improves signal-to-noise ratio

Lex is a premium daily commentary service from the Financial Times. It helps readers make better investment decisions by highlighting key emerging risks and opportunities.

Restructuring plans are tough to call in the early stages. Unless executives are being wildly unrealistic, end-targets will look appealing and the path to achieving them, plausible. The question is whether a myriad of management moves needed to deliver the goals can be smoothly implemented. Investors in Alcatel-Lucent, the telecoms equipment group which has been in overhaul mode ever since being formed by a 2006 merger, know this better than anyone. Even so, they should be heartened by Tuesday’s results, the first under chief executive Michel Combes, who took over in April.