In the land of telecom and communications equipment and services, perhaps Alcatel-Lucent (NYSE: ALU) is only the second worst company of the last decade of the old one-stop leaders. At least it has Nortel to point to as the worst. Alcatel-Lucent has been a disaster for shareholders and today’s latest earnings report is not going to make matters much better. Back when the Alcatel and Lucent merger was announced there was a huge concern over the advantages that the French company would get because of that massive patent portfolio of Bell Labs. But it seems nothing can help Alcatel-Lucent. Things sound good on the surface because of a small profit, but there is very little good news in the earnings report.
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