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This report, from the Institute for Supply Management, is among the most-watched economic surveys by stock and bond traders because a) it is one of the first to come out each month, b) it is a great gauge of the U.S. economic health, c) it has been a consistent measure for decades, and d) is from the private sector, so the government can't manipulate the numbers.
The ISM Report on Business grew from a small-scale survey in 1931 to a snapshot that encompasses more than 300 companies in a wide range of industries. The ISM polls business managers, asking them to evaluate changes in factors like production, new orders, inventories and prices and contrasts them with their answers from the previous month. Then, the answers are crunched and spit out as an index. If the number comes in north of 50, it suggests the economy is expanding (a good sign). Under that level, and it's shrinking (not so good).
Traders love this report because it usually sets the tone for all the other data that is released each month. (Only the monthly federal Employment Situation report tends to have as much impact on the markets.) Sometimes, its components are more important than the whole. If stock and bond traders are worried about inflation, they'll look at what the survey said about the prices companies are paying for goods and the wages they're paying their workers to see signs that prices might be rising.
The ISM figures originally tracked just manufacturing data, but the group started polling service industries in the 1990s. That report, though, doesn't have the same market punch as the manufacturing numbers, but could as the service economy continues to grow in the U.S.
We end on a historical note: For years, the ISM numbers were actually known as "napalm," because the ISM used to be the National Association of Purchasing Managers. But many in the market (and in the organization itself) weren't keen on being associated with a Vietnam-era weapon.
Home / Markets / Industries / Telecom
Monday, May 05, 2008
Alcatel-Lucent Strengthens Leadership in Global Services According to Technology Business Research
Comtex
PARIS, May 05, 2008 (PR Newswire Europe via COMTEX News Network) ----Analyst Firm Ranks Alcatel-Lucent No. 2 in Fast-Growing Services Market
Alcatel-Lucent (Euronext Paris and NYSE: ALU) today announced that a major industry analyst research firm has ranked Alcatel-Lucent's Services business No. 2 in market share in critical segments of its market. Technology Business Research (TBR) ranked Alcatel-Lucent No. 2 in 2007 global telecommunications services market share.
"In the emerging post-merger market, Alcatel-Lucent has steadily increased its share of revenue derived from services, tightening the competition among telecom and IT suppliers," said Michael Sullivan-Trainor, Executive Analyst, Network Business Quarterly, Technology Business Research.
According to a recent report issued by TBR, global suppliers of services for telecom operators saw revenue increases across the board in 2007 as the total market grew to US$70 billion, an 8% increase over 2006. The TBR report said that Alcatel-Lucent ranked No. 2 and held 9% market share in global telecommunications infrastructure services in 2007, noting that in 2007 Alcatel-Lucent and other vendors stepped up their focus on the services businesses.
"This study shows that Alcatel-Lucent is one of the most experienced and knowledgeable services vendors in the industry," said Andy Williams, President of Alcatel-Lucent's Services business. "We are positioned to become the largest global services business in the communications industry because we intimately understand the requirements of our customers who need a 'network integrator' with IT experience and network expertise."
Alcatel-Lucent has one of the most experienced and knowledgeable network services organizations in the industry, with more than 20,000 technicians, network designers, consultants, engineers and project managers. With assets that include ten Network Operations Centers, four IP Transformation Centers, and more than 90 Technical and Welcome centers, Alcatel-Lucent is positioned to become the largest global services business in the communications industry.
To grow the company's overall business, Alcatel-Lucent has been aggressively pursuing the Services business. Focusing on five strategic growth areas, IP network transformation, Network Outsourcing, Multi vendor maintenance, Applications Integration and Industry and Public Sector, the company has announced several key wins over the past year. These contract wins show that the company has a pulse on the macro changes in the market and that carriers have confidence in their ability to solve complex network challenges.
"Network complexity is driving the need for Services," Williams noted. "Conversations with our customers have become more complex. To address these new needs, we have announced new and enhanced solution offerings such as Wireless In-Building and End-to-End Service Availability Support as well as Integrated Turnkey Communications Solutions focused on the Transportation, Energy and e-Government sectors."
About Alcatel-Lucent
Alcatel-Lucent (Euronext Paris and NYSE: ALU) provides solutions that enable service providers, enterprise and governments worldwide, to deliver voice, data and video communication services to end-users. As a leader in fixed, mobile and converged broadband networking, IP technologies, applications and services, Alcatel-Lucent offers the end-to-end solutions that enable compelling communications services for people at home, at work and on the move. With operations in more than 130 countries, Alcatel-Lucent is a local partner with global reach. The company has the most experienced global services team in the industry, and one of the largest research, technology and innovation organizations in the telecommunications industry. Alcatel-Lucent achieved revenues of Euro 17.8 billion in 2007 and is incorporated in France, with executive offices located in Paris. For more information, visit Alcatel-Lucent on the Internet: http://www.alcatel-lucent.com
Alcatel-Lucent Press Contacts: Regine Coqueran, Tel: +33-1-40-76-49-24, regine.coqueran@alcatel-lucent.com., Mary Ward, Tel: +1-908-582-7658, Mary.ward@alcatel-Lucent.com. Alcatel-Lucent Investor Relations: Remi Thomas, Tel: +33-1-40-76-50-61, remi.thomas@alcatel-lucent.com, John DeBono, Tel: +1-908-582-7793, debono@alcatel-lucent.com, Tony Lucido, Tel: +33-1-40-76-49-80, alucido@alcatel-lucent.com, Don Sweeney, Tel: +1-908-582-6153, dsweeney@alcatel-lucent.com
Copyright (C) 2008 PR Newswire Europe
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