Alcatel-Lucent Reports Large Q4 Loss, Announces Further Job Cuts

In its first quarterly financial report as a combined company, Alcatel-Lucent reported Q4 2006 revenue of EUR 4,421 million, a decrease of 16% compared with revenue of EUR 5,249 million in the year-ago quarter (a decrease of 12% at constant at EUR/USD rate). For the quarter, net income (group share) was EUR (618) million, or EUR (0.27) per diluted share (USD (0.35 per ADS), which included the negative impact of EUR (0.26) per diluted share (EUR (577) million) for restructuring charges and impairment of intangible assets.Citing "challenging market...

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Cisco to Acquire Five Across for Social Networking

Cisco agreed to acquire Five Across, a start-up specializing in social networking software, for an undisclosed sum. Five Across offers software that lets companies augment their websites with full-featured communities and user-generated content such as audio/video/photo sharing, blogs, podcasts, and profiles. The company was founded in 2003 and has 11 employees in San Francisco.Cisco said social networking functions are of unique interest to media companies, sports leagues, affinity groups and any organization wishing to increase its interaction...

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