Alcatel-Lucent will name Philippe Camus, a former aerospace CEO, as its new chairman perhaps as soon as Tuesday morning, the Wall Street Journal reported Monday afternoon in its online edition, citing "people familiar with the matter." The company also will name former BT executive Ben Verwaayen as the CEO, the Journal said, quoting an anonymous source.
Stories by Nancy Weil
IT spending will grow more slowly in 2008 than this year, with economic uncertainties taking a toll in the US in particular, market researcher IDC predicts.
The U.S. International Trade Commission has denied a request by Qualcomm Inc. to stay an ITC ban on the importation of some Qualcomm chips and cell phones into the U.S. while the company continues its appeal in a patent infringement case filed against it by Broadcom Corp.