Nokia (NOK -9.7%) and Alcatel-Lucent (ALU -7.5%) are off sharply, as investors fret Europe's...

|About: Nokia Corporation (NOK)|By:, SA News Editor

Nokia (NOK -9.7%) and Alcatel-Lucent (ALU -7.5%) are off sharply, as investors fret Europe's debt crisis will prevent the cash-burning companies from raising fresh capital. Nokia is now at levels last seen in 1996, and speculation is growing newly-minted tablet seller Microsoft (MSFT) will consider buying its Windows Phone partner. Nonetheless, a Microsoft exec asserts his company has no interest in making its own phones, shooting down prior speculation.