Alcatel-Lucent (ALU -3.2%) falls towards the $1 level once again thanks to a downgrade to Sell...

|By:, SA News Editor

Alcatel-Lucent (ALU -3.2%) falls towards the $1 level once again thanks to a downgrade to Sell from UBS. The firm is worried about weak fixed-line capex in Europe, a lack of a recovery for Chinese demand, and the need for asset sales to address the company's debt obligations. UBS has been (accurately) voicing concerns about telecom capex for a while.