Though it is disappointed with the decline in Alcatel-Lucent's financial outlook, the company's board still supports embattled CEO Patricia Russo The board of Alcatel-Lucent voiced support for the company’s embattled CEO, Patricia Russo, while acknowledging it is “clearly disappointed” with declines in Alcatel’s financial outlook.Last month, Alcatel-Lucent said its revenue would be flat or up just slightly this year after it had previously forecast growth in the mid-single digits. As a result, the company said, it would only break even this quarter.Alcatel and Lucent carried out a controversial trans-Atlantic merger last year as both telecommunications infrastructure vendors struggled with a consolidating carrier market and growing low-cost competition from Asian manufacturers. Russo, who had been CEO of Lucent since 2002, moved to Paris to run the new company amid a merger process that brings together different national cultures and even employment laws. Former Alcatel chief Serge Tchuruk was named non-executive chairman. Alcatel-Lucent cut 3,800 jobs in the first half of this year, and Russo said last month the company would speed up its restructuring and carry out more cost-cutting plans. The company’s American Depositary Receipts on the New York Stock Exchange (ALA), which were around $15 earlier this year, now hover around $10. After the board’s statement Tuesday, they were up $0.21 at $10.33. Careers