2009 20 F Alcatel Lucent March2010

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Transcript of 2009 20 F Alcatel Lucent March2010

2009 ANNUAL REPORT ON FORM 20-F

SECURITIES AND EXCHANGE COMMISSIONWashington, D.C. 20549

FORM 20-F REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2009 OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number: 1-11130

(Exact name of Registrant as specified in its charter) N/A (Translation of Registrants name into English) Republic of France (Jurisdiction of incorporation or organization) 54, rue La Botie 75008 Paris, France (Address of principal executive offices) Rmi Thomas Telephone Number 33 (1) 40 76 10 10 Facsimile Number 33 (1) 40 76 14 00 54, rue La Botie 75008 Paris, France (Name, Telephone, E-mail and/or Facsimile Number and Address of Company Contact Person) Securities registered pursuant to Section 12(b) of the Act: Title of each class American Depositary Shares, each representing one ordinary share, nominal value 2 per share* Name of each exchange on which registered New York Stock Exchange

* Listed, not for trading or quotation purposes, but only in connection with the registration of the American Depositary Shares pursuant to the requirements of the Securities and Exchange Commission. Securities registered or to be registered pursuant to Section 12(g) of the Act: None Securities for which there is a reporting obligation pursuant to Section 15(d) of the Act: None Indicate the number of outstanding shares of each of the issuers classes of capital or common stock as of the close of the period covered by the annual report. 2,318,060,818 ordinary shares, nominal value 2 per share Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. No Yes If this report is an annual or transition report, indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934. No Yes Note checking the box above will not relieve any registrant required to file reports pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 from their obligations under those sections. Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. No Yes Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, or a non-accelerated filer. See definition of accelerated filer and large accelerated filer in Rule 12b-2 of the Exchange Act. (Check one): Accelerated filer Non-accelerated filer Large accelerated filer Indicate by check mark which basis of accounting the registrant has used to prepare the financial statements included in this filing: U.S. GAAP [ ] International Financial Reporting Standards as issued by the International Accounting Standards Board [X] Other [ ] If Other has been checked in response to the previous question, indicate by check mark which financial statement item the registrant has elected to follow: Item 18 Item 17 If this is an annual report, indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). No Yes

Table of Contents

1

SELECTED FINANCIAL DATA

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6

1.1 Condensed consolidated income statement and statement of financial position data. . . . . . . . 6 1.2 Exchange rate information . . . . . . . . . . . . . . . . . . . 7

OPERATING ANDFINANCIAL REVIEW ANDPROSPECTS

45

6.1 Overview of 2009 . . . . . . . . . . . . . . . . . . . . . . . . . . 53 6.2 Consolidated results of operations for the year ended December 31, 2009 compared to the year ended December 31, 2008 . . . . . . . . . 54 6.3 Results of operations by business segment for the year ended December 31, 2009 compared to the year ended December 31, 2008 . . . . . . . . . 57 6.4 Consolidated results of operations for the year ended December 31, 2008 compared to the year ended December 31, 2007 . . . . . . . . . 60 6.5 Results of operations by business segment for the year ended December 31, 2008 compared to the year ended December 31, 2007 . . . . . . . . . 63 6.6 Liquidity and capital resources . . . . . . . . . . . . . . . 65 6.7 Contractual obligations and off-balance sheet contingent commitments. . . . . . . . . . . . . . . . . . . . 67 6.8 Outlook for 2010 . . . . . . . . . . . . . . . . . . . . . . . . . . . 70 6.9 Qualitative and quantitative disclosures about market risk . . . . . . . . . . . . . . . . . . . . . . . . . . 70 6.10 Legal matters . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 72 6.11 Research and development expenditures . . . . 75

2

ACTIVITY OVERVIEW

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2.1 Carrier Segment. . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9 2.2 Applications software Segment . . . . . . . . . . . . . . 10 2.3 Enterprise Segment. . . . . . . . . . . . . . . . . . . . . . . . . 11 2.4 Services Segment . . . . . . . . . . . . . . . . . . . . . . . . . . 11

3

RISK FACTORS

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3.1 Risks relating to the business . . . . . . . . . . . . . . . . 13 3.2 Legal risks . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18 3.3 Risks relating to ownership of our ADSs . . . . . . . 19

4

INFORMATION ABOUTTHE GROUP

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4.1 General . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21 4.2 History and development. . . . . . . . . . . . . . . . . . . . 22 4.3 Structure of the principal companies consolidated in the Group as of December 31, 2009 . . . . . . . . . . . . . . . . . . . . 26 4.4 Real estate and equipment . . . . . . . . . . . . . . . . . . 27 4.5 Material contracts . . . . . . . . . . . . . . . . . . . . . . . . . . 29

7

CORPORATE GOVERNANCE

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7.1 Governance code. . . . . . . . . . . . . . . . . . . . . . . . . . . 80 7.2 Management . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 86 7.3 Powers of the Board of Directors . . . . . . . . . . . . . 93

5

DESCRIPTION OFTHE GROUPS ACTIVITIES

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7.4 Committees of the Board of Directors . . . . . . . . . 96 7.5 Compensation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 99 7.6 Interest of employees and senior management in Alcatel-Lucents capital . . . . . . 105 7.7 Alcatel-Lucent Code of Conduct . . . . . . . . . . . . . 115 7.8 Regulated agreements, commitments and related party transactions . . . . . . . . . . . . . . 115 7.9 Major differences between our corporate governance practices and NYSE requirements. . . . 116

5.1 Business organization. . . . . . . . . . . . . . . . . . . . . . . 31 5.2 Carrier Segment. . . . . . . . . . . . . . . . . . . . . . . . . . . . 33 5.3 Applications Software Segment . . . . . . . . . . . . . . 36 5.4 Enterprise Segment. . . . . . . . . . . . . . . . . . . . . . . . . 37 5.5 Services Segment . . . . . . . . . . . . . . . . . . . . . . . . . . 37 5.6 Marketing and distribution of our products . . . . 38 5.7 Competition . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 38 5.8 Technology, research and development . . . . . . . 39 5.9 Intellectual property . . . . . . . . . . . . . . . . . . . . . . . . 41 5.10 Sources and availability of materials . . . . . . . . . . 41 5.11 Seasonality . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 41 5.12 Our activities in certain countries . . . . . . . . . . . . . 41 5.13 Environmental matters. . . . . . . . . . . . . . . . . . . . . . 42 5.14 Human resources. . . . . . . . . . . . . . . . . . . . . . . . . . . 42

2

2009 ANNUAL REPORT ON FORM 20-F

Table of Contents

8

INFORMATION CONCERNING OURCAPITAL

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11

8.1 Share capital and voting rights . . . . . . . . . . . . . . 117 8.2 Diluted capital . . . . . . . . . . . . . . . . . . . . . . . . . . . . 117 8.3 Authorizations related to the capital . . . . . . . . . 118 8.4 Use of authorizations . . . . . . . . . . . . . . . . . . . . . . 119 8.5 Changes in our capital over the last five years . .120

CONTROLS ANDPROCEDURES, STATUTORY AUDITORS FEES ANDOTHERMATTERS

145

11.1 Controls and procedures . . . . . . . . . . . . . . . . . . . 145 11.2 Report of independent registered public accounting firms . . . . . . . . . . . . . . . . . . . . . . . . . . 146 11.3 Statutory auditors . . . . . . . . . . . . . . . . . . . . . . . . . 147 11.4 Statutory auditors fees . . . . . . . . . . . . . . . . . . . . 147 11.5 Audit committee financial expert . . . . . . . . . . . . 148 11.6 Code of ethics. . . . . . . . . . . . . . . . . . . . . . . . . . . . . 149 11.7 Financial statements . . . . . . . . . . . . . . . . . . . . . . . 149 11.8 Exhibits . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 149

8.6 Purchase of Alcatel-Lucent shares by the company . . . . . . . . . . . . . . . . . . . . . . . . . . . 121 8.7 Outstanding instruments giving right to shares . . 122

9

STOCK EXCHANGE ANDSHAREHOLDING

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9.1 Listing . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 125 9.2 Trading over the last five years. . . . . . . . . . . . . . 126 9.3 Shareholder profile . . . . . . . . . . . . . . . . . . . . . . . . 127 9.4 Breakdown of capital and voting rights . . . . . . 127 9.5 Changes in shareholdings . . . . . . . . . . . . . . . . . . 131 9.6 Sh