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Alcatel-Lucent bosses walk as net loss tops €1bn

Alcatel-Lucent today posted a second quarter net loss of €1.1bn ($1.7bn), and announced CEO Patricia Russo and chairman Serge Tchuruk would step down by the end of 2008. The world’s largest telecoms equipment supplier’s hefty net loss for Q2 surpassed analyst expectations and far exceeded the €586m loss for the same period a …
Kelly Fiveash, 29 Jul 2008
The Register breaking news

Google free to offload '$1bn' AOL stake

Today is the first day that Google can sell its stake in AOL, picked up in exchange for $1bn as part of a wider video and advertising partnership between the two signed in 2005. The deal either gives Google five per cent of AOL should there be an initial public offering or gives Time Warner first refusal on the stake. A …
John Oates, 1 Jul 2008

RM boss says school's out forever

RM yesterday announced that its head teacher honcho has resigned after more than 25 years with the computer supplier. The firm, which specialises in software, services and systems for the UK education market, said that chief executive Tim Pearson will step down from his role to be replaced by current group managing director …
Kelly Fiveash, 10 Jun 2008

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