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| Author: | Tully, S. |
| Title: | Rewiring the World |
| Journal: | Fortune
2001 : JUN, VOL. 143:11, p. 58-64 |
| Index terms: | TELECOMMUNICATIONS INDUSTRY COMMUNICATION CONGLOMERATE COMPANIES |
| Language: | eng |
| Abstract: | This paper is about Serge Tchuruk, chairman of Alcatel, who has a broadband plan to ride out the telecom slump. Serge Tchuruk had announced a profit warning that enraged money managers. Fidelity's chief in Paris found the surprise so "extremely irritating" that he dumped the fund's 10% stake in French telecom. As Alcatel's stock tanked, the press sharpened the guillotine. Tchuruk has succeeded in reviving what was, when he took over six years ago, a money- losing conglomerate that encompassed nuclear power plants, high-speed trains, magazines, radio stations, and even vineyards. Today Alcatel is a $30 billion streamlined supplier of telecom equipment, the only European company to play in the same league with Nortel, Lucent, and Cisco. |
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