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Europe more cautious than US - Verwaayen

The European market for telecoms network equipment is lagging behind the U.S., according to Alcatel-Lucent CEO Ben Verwaayen.

"Europe is where the U.S. was a quarter ago - cautious," Verwaayen said at a press conference today.

The Franco-U.S. vendor published its second-quarter results this morning, swinging to a small net profit of €14 million and reiterating that it aims to improve its full-year operating result.

See Total Telecom for more on that story, plus results announcements from a number of the big hitters in the telecoms space, including BT, Motorola, France Telecom and Telefonica.
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