Alcatel Lucent SA CEO Michel Combes outlined new turnaround plan to realign strategic direction of company and be profitable by 2015. Alcatel Lucent are planning to generate $1.3 Bn in assets sales, additional cost control to fund new innovation in IP networking centric product, platform and servicing side. ALU lost major competitive ground to Ciena and Cisco post multiple delays in product launch, longer than expected realignment time and cost, unorganized spread out operation. New turnaround plan include R&D in Routing, optical and Software Products as well as platform to redefine their positioning in next generation networks. ALU CEO expect that the turnaround plan is going to be completed by 2015 and expect profitable ALU. ALU failed to make any positive cash flow financial year since 2006. I strongly believe that upcoming focus and strong skilled resources is going to impact Industry positively.
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