Fiber series third week news Abstract 7
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.
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