Alcatel reported Q1 sales of EUR 2.961 billion, down 31.1% year over year and down sequentially by 34.3%. Loss from operations was registered at EUR 161 million and net loss at EUR 461 million, or a diluted loss of EUR 0.39 per share ($0.43 per ADS). Alcatel cited seasonality and currency exchange issues for the weaker performance. It also noted that carrier markets continue to be soft, and the economic and geopolitical environmental may add a few points to the 15% degradation it had previously predicted for 2003. The non-carrier market is better...