Alcatel-Lucent Black clouds of smoke

Alcatel-Lucent is throwing off black clouds of smoke. The Franco-American telecom equipment maker has issued its third profit warning of the year. This time, it blamed its problems on delayed capital expenditure by North American wireless companies. It’s doubtful this will be the last bit of bad news for the company this year. Its 2006 merger created a financially weak group with big gaps in its portfolio. Its latest woes highlight its need for new capital. The company isn’t yet churning out ca...