How Michel Combes wants to save Alcatel-Lucent - Challenges
In an aging society: measures Ayrault Retirement: 31% of French do not accept any reform Wages: do not expect a big increase in 2014 ESSEC launches in education tailored aloha stadium swap meet Holland received aloha stadium swap meet with great pump by Obama
A + A - The new CEO transformed the OEM specialist in telecoms. The fiscal consolidation continues with a restructuring forced march.
In mid-November, Michel Combes has collected the top 200 executives of the group at a hotel in Basking Ridge, quiet town located in the wilds of New Jersey. Not a bar or even a grocery store several miles away. No risk of spreading or distraction. In this historic place, home of Bell Labs, the research center for telecommunications inherited by Alcatel in its merger with Lucent, the French boss has found all the solemnity he needed aloha stadium swap meet to spread his message. Objective: "Thank the group managers while calling for vigilance, and set targets for 2014," says the ebullient CEO. Alcatel-Lucent has perked up since the arrival of his new boss, last March. "I run the world from morning to night to try to save this company," he confesses. A group that Michel Combes has recovered state of clinical death almost burning 800 million euros in cash per year for three years and last year, showed a loss of 1, 4 billion for turnover of 14.4 billion. Bailout
The new team, made last July, has restructured and renegotiated the debt collateralized loan in 2012 on the company's patents. A capital increase was launched in stride. Order books fill up, especially in the mobile, where valuable contracts have been signed with China Mobile and Telefonica, Spain. And third quarter results confirmed the upturn: sales increased 7% losses decreased and cost reductions continue. "The confidence begins to return," said Michel Combes aloha stadium swap meet simply: in nine months, the share price has tripled. "They have the right team and the right strategy, remains to be seen how they will perform," said Hay Williams, director of research firm Sales Pulse Research.
Taking control of the supplier, Michel Combes announced the establishment of a new restructuring, the sixth in five years ... Named Shift particular it provides the removal aloha stadium swap meet of 10,000 jobs in the world, the sale of assets amounting to USD 1 billion turnover, and Alcatel-Lucent transformation specialist telecoms, aloha stadium swap meet focused on high fixed and mobile broadband access and IP technologies, it is ie all hardware and software components of the Internet search engine. Activity led by the American Basil Alwan. Sacrifices required
Two men are particularly responsible for the implementation of this plan: Jean Raby, Chief Financial Officer, formerly of Goldman Sachs, which will drive the program of asset disposals, in close collaboration with Philippe Guillemot, the new CEO operational. At Alcatel-Lucent, the specialist restructuring must deploy Shift at high speed around four main axes. Go from being generalist than a specialist telecoms involves sacrifices.
In Mobile, where he has never been a major player, the group wants to quickly get out of 2G and 3G technologies, end of life, to focus on 4G systems and small cells, small antennas that radiate some tens of meters and serve as relays for large emitters in particularly dense areas. Michel Combes has signed an industrial partnership with the manufacturer of electronic components Qualcomm, aloha stadium swap meet the "Intel" the t
In an aging society: measures Ayrault Retirement: 31% of French do not accept any reform Wages: do not expect a big increase in 2014 ESSEC launches in education tailored aloha stadium swap meet Holland received aloha stadium swap meet with great pump by Obama
A + A - The new CEO transformed the OEM specialist in telecoms. The fiscal consolidation continues with a restructuring forced march.
In mid-November, Michel Combes has collected the top 200 executives of the group at a hotel in Basking Ridge, quiet town located in the wilds of New Jersey. Not a bar or even a grocery store several miles away. No risk of spreading or distraction. In this historic place, home of Bell Labs, the research center for telecommunications inherited by Alcatel in its merger with Lucent, the French boss has found all the solemnity he needed aloha stadium swap meet to spread his message. Objective: "Thank the group managers while calling for vigilance, and set targets for 2014," says the ebullient CEO. Alcatel-Lucent has perked up since the arrival of his new boss, last March. "I run the world from morning to night to try to save this company," he confesses. A group that Michel Combes has recovered state of clinical death almost burning 800 million euros in cash per year for three years and last year, showed a loss of 1, 4 billion for turnover of 14.4 billion. Bailout
The new team, made last July, has restructured and renegotiated the debt collateralized loan in 2012 on the company's patents. A capital increase was launched in stride. Order books fill up, especially in the mobile, where valuable contracts have been signed with China Mobile and Telefonica, Spain. And third quarter results confirmed the upturn: sales increased 7% losses decreased and cost reductions continue. "The confidence begins to return," said Michel Combes aloha stadium swap meet simply: in nine months, the share price has tripled. "They have the right team and the right strategy, remains to be seen how they will perform," said Hay Williams, director of research firm Sales Pulse Research.
Taking control of the supplier, Michel Combes announced the establishment of a new restructuring, the sixth in five years ... Named Shift particular it provides the removal aloha stadium swap meet of 10,000 jobs in the world, the sale of assets amounting to USD 1 billion turnover, and Alcatel-Lucent transformation specialist telecoms, aloha stadium swap meet focused on high fixed and mobile broadband access and IP technologies, it is ie all hardware and software components of the Internet search engine. Activity led by the American Basil Alwan. Sacrifices required
Two men are particularly responsible for the implementation of this plan: Jean Raby, Chief Financial Officer, formerly of Goldman Sachs, which will drive the program of asset disposals, in close collaboration with Philippe Guillemot, the new CEO operational. At Alcatel-Lucent, the specialist restructuring must deploy Shift at high speed around four main axes. Go from being generalist than a specialist telecoms involves sacrifices.
In Mobile, where he has never been a major player, the group wants to quickly get out of 2G and 3G technologies, end of life, to focus on 4G systems and small cells, small antennas that radiate some tens of meters and serve as relays for large emitters in particularly dense areas. Michel Combes has signed an industrial partnership with the manufacturer of electronic components Qualcomm, aloha stadium swap meet the "Intel" the t
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