Alcatel also said it does not plan to pay a dividend for 2012. While North American sales improved to 1.6 billion Euros from 1.41 billion a year ago, European revenue fell to 1.1 billion Euros from 1.28 billion, and Asia-Pacific fell to 714 million Euros from 775 million. "Our fourth quarter reflects the early progress of the performance program announced last July," Verwaayen said in a statement. "We announced clear choices on where we would operate, how we would operate and where we would differentiate. We have seen progress on all these choices, and close 2012 ahead on our cost reduction plans. We have addressed half of the previously margin-diluting Managed Services contracts, and show continued and strong growth in IP and Next Generation Wireless. We can see a clear statement of customer confidence through growth in both our order book and backlog." ALU is down 8 cents, or 4.7%, to $1.63.