After trading near breakeven much of the day, Alcatel Lucent (ALU +7.9%) shot higher in...
After trading near breakeven much of the day, Alcatel Lucent (ALU +7.9%) shot higher in afternoon trading, rising all the way to $1. There hasn't been any news to spark the move, though the struggling telecom equipment vendor could benefit from a Sprint/SoftBank deal if it boosts Sprint's 4G LTE capex - Alcatel is one of the suppliers for Sprint's LTE buildout.
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