Alcatel-Lucent boss to reveal his vision of the future Dec. 12

Having thought about it since October, new Alcatel-Lucent CEO Ben Verwaayen will reveal his strategic plan for the powerful, albeit limping, telecom vendor, when he hosts a conference Dec. 12, according to published reports.

The December conference will no doubt cover what Verwaayen has learned since saying he would undertake a "comprehensive" strategic review to figure out how to bring back profitability. Alcatel-Lucent has posted losses since Alcatel acquired Lucent for $11.4 billion in 2006. The company continues to go through the rigors of "restructuring" by shedding 16,500 of the total 76,410 jobs by the end of next year but this hasn't been enough to stem the losses that many analysts blame on a fuzzy business focus.

Perhaps it will help (can't hurt) that China Telecom has tapped Alcatel-Lucent to increase the capacity and coverage of its nationwide mobile voice and data network with a $230 million deal that includes providing end-to-end CDMA networking for 56 cities and nine provinces in China.

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Related stories:
Alcatel-Lucent CFO resigns
Alcatel-Lucent narrows loss

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