Wednesday, September 2, 2009

Shares rise in Alcatel-Lucent on Chinese whispers

Shares in the French/US vendor were up 16 percent on the Euronext exchange in Paris and up 11 percent on the NYSE, while Natixis - an analyst firm - lifted its rating on Alcatel-Lucent to 'buy' from 'reduce.' An Alcatel-Lucent spokesperson declined to comment on the developments. Chinese equipment vendors Huawei or ZTE are considered the most likely buyers.

source: GMBB

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