When telecommunications and intellectual property management mix together in industry headlines, the theme does not always have to be two firms locked in contentious litigation. Case in point, French phone equipment manufacturer Alcatel-Lucent has independently decided to reassess the contents of its portfolio in pursuit of a new revenue generation strategy.

According to Bloomberg, the company is hoping to reverse its fortunes after a series of discouraging quarterly reports sapped cash reserves and investor confidence. Officials will now examine Alcatel-Lucent's broad catalog of nearly 30,000 awarded patents and 15,000 pending applications to see what opportunities could be pursued.

"We can look to monetize that portfolio through licensing, through limited sales if those patents aren't part of our core and a few other things," company spokesman Paul Tufano told reporters following a recent investors conference. "We look at all of the above."

During the company's Q3 2012 earnings call, executives insisted that improving gross and operating margins were top priorities looking forward to 2013. According to Seeking Alpha, the company has been investigating a variety of austerity measures. However, effective capitalization of intellectual assets could spare jobs and help return Alcatel-Lucent to more positive financial footing.