Watching the Gear Makers

I saw a MarketWatch bulletin with the headline Tellabs, Alcatel-Lucent are top telecoms and it got me thinking about Nortel, who was all over the news this week with reports of its imminent demise, as competitors were ready to tear the company apart and walk away with various parts of the business.
 
MarketWatch was simply reporting that Tellabs (the subject of a cover story in the next issue of NGN magazine - see here for Rich Tehrani's meeting takeaway)
 
Tellabs gained more than 7% and Alcatel-Lucent rose 4% to lead telecommunications stocks in trading earlier this week based on Tellabs' results indicated a possible recovery in the networking sector and Alcatel-Lucent's announcement of multiyear contracts worth $1.7 billion to supply equipment in China.
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May 1, 2009 9:17 AM | 0 Comments | 0 TrackBacks

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