Alcatel-Lucent CEO: We will remain in wireless, will have LTE products

A report in RCR Wireless, speculates on the plans of Alcatel Lucent. According to the report Alcatel-Lucent will announce a new plan next week that will “turn around the fortunes” of Alcatel-Lucent.

ALU CEO claims they plan to stay in the mobile telecom business, and will continue to invest in R&D.

I fully support the following excerpt:

“Not doing innovation is like shooting yourself in the head,” he said. “We are not going to cut our lifeline to the future.” Verwaayen refused to be drawn on the outlook for the fourth quarter or 2009 saying “that is for Dec. 12.”

My speculation is “Bye Bye to Mobile WiMAX”, although ALU has many deployments around the world, the Mobile WiMAX market has shrunk significantly and I am not sure there is a room for so many “Vendors”: Samsung, Motorola, ALU and the smaller ones.

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