Optics Pulls Down Alcatel-Lucent

Alcatel-Lucent said its revenues fell 6.9% year on year on a like-for-like basis in the second quarter to 3.81 billion euros, as modest growth in its IP and applications businesses failed to fully offset double-digit declines in optics and wireline units.

Alcatel-Lucent said it continues to expect nominal growth (defined as between 0% and 5%) for the telecommunications equipment and related services market in 2010. source: Alcatel-Lucent presentation