Alcatel-Lucent's (ALU -19%) and ZTE's (ZTCOY.PK) warnings (I, II) are proof investors can't...
Tuesday, July 17, 2012, 7:03 PM ETAlcatel-Lucent's (ALU -19%) and ZTE's (ZTCOY.PK) warnings (I, II) are proof investors can't count on mobile data growth to give a big lift to capex, says Tero Kuittinen. Especially not when much of the spending comes from Euro carriers struggling with weak sales and huge debt loads at a time when local credit markets are in turmoil. In Alcatel and ZTE's cases, China isn't of much help either. Rival Ericsson (ERIC -0.8%) has relatively moderate Chinese exposure.
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