Battered by the global LTE war, Alcatel-Lucent will cut 5000 jobs

Faced with increasing pressure from its telecom vendor rivals as well as the poor economy, Alcatel-Lucent is cutting its workforce by 7 percent. In order to generate revenue, the vendor is looking toward its vast patent pool, setting up a new intellectual property management division.

The GigaEU Radar: Three European events to watch this week

The big noise in European startup events this week is all about LeWeb, the leading French conference set up by Loic Le Meur that’s holding its first spin-off in London. But that’s not the only thing happening across the continent over the next seven days.

3 Qualities That Add Up to a Successful Product

verwaayen_152x200Alcatel-Lucent (s ALU) CEO Ben Verwaayen gave a keynote speech this morning at the EmTech conference, running today and tomorrow at MIT. He spoke of tech innovations and — perhaps most importantly — the need to turn them into sustainable, profitable businesses. During the question-and-answer session, which always manages to be more interesting than the actual talk, Verwaayen shared his three requirements for a product to be successful:
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Broken Promises Behind BT CEO Exit

In 2006 I had traveled to London to meet British Telecom (BT) CEO Ben Verwaayen and his team, hoping to get a first hand look at how Verwaayen and his team were trying to overhaul the company well known for its iconic phone booths.

They had put in place a strategy to diversify into IP services, build a brand-new 21st CN (UK broadband network) and, to cap it all, plans to become the carrier of choice for large multinationals. It ended up as a long feature in the August 2006 issue of Business 2.0.

The 56-year-old former Lucent executive Verwaayen resigned earlier this week after six years at the head of BT. He is being replaced by 43-year-old Ian Livingston, who until recently ran BT Retail and was seen as the maverick to make BT Retail a force to reckon with. Read More about Broken Promises Behind BT CEO Exit