The vendor expects revenues to climb sequentially during the next two quarters, and is sticking to its full-year revenue growth target of mid single digits (around 5 percent) at a constant euro/dollar exchange rate. However, as the real-world euro/dollar exchange rate is not constant, the actual reported growth in 2007 is likely to be below that 5 percent target.

    Alcatel-Lucent's management is hosting a conference call at 1pm Central European time (noon in London, 8am New York) today.