China Pulls Down Alactel Lucent

Hit by a significant slowdown in China and tight component availability, Alcatel-Lucent said that its sales fell 8% year-on-year to 3.25 billion euros, adjusted for exchange rate fluctuations, in the first quarter of 2010. The Paris-based equipment maker's optics and wireline revenues were worst hit, falling 14% and 24% respectively at constant currencies. source: Alcatel-Lucent presentation