Boston, MA 02/04/2014 (wallstreetpr) – Alcatel Lucent SA (ADR) (NYSE:ALU)’s turnaround is now being cast in doubt. An analyst believes that the company will fall short of its target cost cuts whereby its ongoing Shift Plan is expected to result in $1.34 billion cost reduction by 2015. Georger Notter who is the managing director of equity research and communications infrastructure at Jefferies &Co. is not convinced that ALU will hit the target on cost. Wall Street is equally pessimistic. ALU is trying to sell non-core assets and reducing cost in order to raise cash and also curb cash loss. While a lot of effort is being put in the turnaround blueprint Shift Plan, the reality shows that investors may have to be a lot more patient to seen the turnaround they want in Alcatel Lucent SA (ADR) (NYSE:ALU).
Advanced Micro Devices, Inc. (NYSE:AMD) remains stuck in a depressed condition. The stock hasn’t seen relief for a long time. News about its ARM processor brought about a momentary gain on the browser but since then there have not been any good news around AMD. The sale of the new gaming consoles designed by Microsoft Corporation (NASDAQ:MSFT) and Sony Corporation (ADR) (NYSE:SNE) and which run on AMD semi-custom chips seem to have slowed down. The increasing focus on thinning personal computer market does not make things any better for the company. Advanced Micro Devices, Inc. (NYSE:AMD) lost almost 3 percent of its market value on Monday to close south at $3.33 per share.
Synovus Financial Corp. (NYSE:SNV) has won 16 national customer service awards due to its excellent services at small-business and middle market banking. The financial institution was honored by Greenwich Excellent Awards. For financial institutions, good customer service is the lifeblood of business and that SNV has attained a thump up on this suggests that its future is promising as a business. The company was recognized for personal banking satisfaction, credit policy, online services among many others. Synovus Financial Corp. (NYSE:SNV) fell 3.58 percent to $3.23 per share on Monday.
