Alcatel-Lucent's CEO Discusses Q1 2012 Results - Earnings Call Transcript

Alcatel-Lucent (ALU)

Q1 2012 Earnings Call

April 26, 2012 7:00 am ET


Bernardus Johannes Maria Verwaayen - Chief Executive Officer, Director and Member of Management Committee

Paul J. Tufano - Chief Financial Officer, Executive Vice President and Member of Management Committee

Unknown Executive -

Philippe Keryer - Executive Vice President, President of Networks Group, Member of Management Committee and Member of Technology Committee


Kai Korschelt - Deutsche Bank AG, Research Division

Sebastien Sztabowicz - Kepler Capital Markets, Research Division

Achal Sultania

Unknown Analyst

Zahid S. Hussein - Citigroup Inc, Research Division

Eric Beaudet - Natixis S.A., Research Division

Alexander Peterc - Exane BNP Paribas, Research Division

Stuart Jeffrey - Nomura Securities Co. Ltd., Research Division

Anuj Krishan - UBS Investment Bank, Research Division

Sandeep Deshpande - JP Morgan Chase & Co, Research Division

Odon de Laporte - CA Cheuvreux, Research Division


Bernardus Johannes Maria Verwaayen

So good morning, good afternoon, good evening depending on where you are. Thank you for joining us at the Q1 results. If we look to the market, if we look to the fundamentals of the market, nothing has changed. People still build out networks. People are making plans for fiber networks around the world. Governments are looking to building a digital infrastructure. And still, Q1 from a CapEx position from customers around the world, was not a very strong quarter, and we had a slow start. So maybe it's good that we talk about those 2 issues when we talk about the numbers.

Before that, let's look to this famous chart. People worked very hard to make it happen, so please take a look, and let's see where Alcatel-Lucent plays in this environment that I just described. Because basically, if you look to the number of smartphones or tablets sold in the U.S., AT&T announced that 60% of all of their -- all the end-user equipment is now smartphone or tablet. And in Verizon, it is, I believe, almost 50%. And people are working on the assumption to build out, a need to build out.

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