Telecom equipment maker Alcatel-Lucent reported disappointing second-quarter earnings yesterday. The firm suffered a second-quarter net loss of $460.3 million, compared with a profit ofÃƒâ€šÃ‚Â $413 million a year earlier. Revenue fell 3.6 percent toÃƒâ€šÃ‚Â $5.9 billion fromÃƒâ€šÃ‚Â $6.15 billion.
Alcatel-Lucent CEO Patricia Russo said that margins were lower for the company because of significant investments it made in several key markets.
In other Alcatel-Lucent news, the firm says Japanese provider SoftBank Mobile has asked the vendor to participate in the experimental trial of mobile high-speed data "in-building" solutions using femtocells.Ãƒâ€šÃ‚Â Ãƒâ€šÃ‚Â Release