Alcatel-Lucent (ALU -7.7%) is among the hardest-hit Euro tech names, thanks to downgrades from...

|By:, SA News Editor

Alcatel-Lucent (ALU -7.7%) is among the hardest-hit Euro tech names, thanks to downgrades from JPMorgan and MKM Partners. JPMorgan is worried about the profits lost by the recent sale of Alcatel's call-center software business, and echoes Jefferies' concerns about declining EV-DO equipment sales. MKM, meanwhile, thinks T and VZ's weak capex is a problem.