Shares of Alcatel-Lucent (UNKNOWN:ALU.DL) were up 10% on Friday, thanks to news that the company had obtained a $2.1 billion senior secured credit facility from Goldman Sachs (NYSE:GS) and Credit Suisse (NYSE:CS). While this is excellent short-term news for the company and for investors, as it will allow Alcatel to refinance existing debt and cut costs, Motley Fool tech and telecom analyst Andrew Tonner fears that this is only buying time for the company. Cost savings won't change the overall headwinds the business is facing today as a whole.
- Dec 18, 2012 at 6:30PM
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