Alcatel-Lucent (ALU -9.2%) and Ericsson (ERIC -5.3%) are off sharply following supplier...

|By:, SA News Editor

Alcatel-Lucent (ALU -9.2%) and Ericsson (ERIC -5.3%) are off sharply following supplier Powerwave's (PWAV -42.5%) huge warning. The former is also being hit by a downgrade from Jefferies - the firm is worried about declining EV-DO equipment sales now that S and VZ are embracing LTE, and thinks 2H North American telecom capex could be weak. (earlier)