By Ben King, 9 March 2001 16:11
NEWS The group blamed the fall in handset sales on "excess inventory in distribution channels at the beginning of the year as well as a general market slowdown" in a statement issued yesterday. However, handsets only account for seven per cent of Alcatel's business. The telecoms infrastructure business, including carrier and optical networking, had a better year 2000 than expected, and Alcatel still expects to meet previously announced revenue targets for this year.
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