After trading near breakeven much of the day, Alcatel Lucent (ALU +7.9%) shot higher in...

|By:, SA News Editor

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.