Fiber series third week news Abstract 7

2012-01-21 11:40:01

Week News Abstract For Fiber Series in 10GTEK
The abstract is mainly about the optical communication related products,including: FTTH,GPON,EPON,SFPPLC,PTN,ODN,Optical module,Optical devices,optical communications,Optical transceiver module,Etc.

Alcatel-Lucent's Verwaayen dismisses talk of steep job cuts

Alcatel-Lucent CEO Ben Verwaayen ruled out the possibility of steep job cuts on the scale that rival Nokia Siemens Networks is undertaking

to regain competitiveness.

In an interview with the French newspaper Les Echos, Verwaayen said that Alcatel-Lucent is in a stronger position. "There's no way we are

cutting our staff by 25 percent," he said. "We are in a different situation because we have quickly turned towards the network technologies

of the future." Verwaayen also reaffirmed the company's goal to generate positive cash flow in 2012.

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Nokia Siemens said in November that it plans to focus exclusively on the mobile broadband market, and said it will shed or shutter

unrelated businesses, a move that analysts praised. NSN plans to cut 17,000 workers by 2013, for a total cost savings of around €1 billion,

or $1.3 billion.

Alcatel-Lucent has benefited from the pronounced shift toward LTE, and along with market leader Ericsson (NASDAQ:ERIC), the company is

leading in terms of LTE market share, according to a recent report from the Dell'Oro Group. However, Alcatel-Lucent is also under pressure

to improve its financial performance. In November Alcatel-Lucent said it will embark on a $691 million program of additional cost cuts in

2012, affecting both sales spending and project costs. There have also been reports of mounting investor pressure on Verwaayen to turn

around the firm's performance.
HDO issued vs. Arroyo couple, others for botched ZTE deal

The Sandiganbayan issued yesterday a hold departure order (HDO) against former President Arroyo, her husband Jose Miguel Arroyo, and other

officials of the previous administration in connection with the botched ZTE-National Broadband Network (NBN) deal.

The fourth division of the anti-graft court directed the Bureau of Immigration (BI) to place the former first couple in the hold departure

list of the Bureau of Immigration (BI).

Earlier, the Office of the Ombudsman filed the graft case against the Arroyos who were accused of participation in the alleged anomalous

deal entered with the Chinese telecommunications firm ZTE Corp.

Also named as respondents in the case aside from the Arroyos were former Commission on Elections (Comelec) Chairman Benjamin Abalos Sr. and

former Department of Transportation and Communication Secretary Leandro Mendoza.

Ombudsman prosecutors alleged that the accused violated the Anti-Graft and Corrupt Practices Act by negotiating the deal.

Mrs. Arroyo, for her part, was faulted for approving the deal despite knowing that irregularities and anomalies were involved in the


It was recalled that the Ombudsman investigation was preceded by a Senate inquiry wherein the alleged anomalies were exposed by ZTE-NBN

whistleblower Jun Lozada and other witnesses.

The witnesses testified that certain government officials received millions of pesos in cash advances from ZTE officials who were promised

that the Chinese firm would be awarded the multi-billion-peso project.
The above information is edited by 10GTEK.

10GTEK is a professional manufacturer engaged in the R&D,manufacturing and marketing of Fiber Optic Transceivers and High Performance Cables Assemblies.

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10GTEK now has developed a full series HPC cable assemblies including SFP/SFP+ Cable,XFP Cable,QSFP Cable,MiniSAS Cables,ect.

10GTEK with the ability of R&D,can customize the products to fully meet customers' satisfaction.

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