Does an Alcatel Lucent SA (NYSE:ALU), Nokia Deal Make Sense?
There is some news that the Nokia board has started a chain of board meetings to discuss the path that it will take post the Microsoft deal. The company will want to concentrate on its Advanced Technology and NSN businesses and the HERE mapping-segment will only run on the peripheral lines. Apart from this, there is buzz in the market is that Alcatel Lucent SA (NYSE:ALU) may strike a deal with the Finnish smartphone maker as the latter is seeking to add some muscle to its wireless infrastructure business.
Wednesday’s trading session
In Wednesday’s trading, Alcatel Lucent SA (NYSE:ALU) rose by 8.72%. The shares opened at a price of $2.92, which rose to an intraday high of $3.99 which was also the closing price of the day. Approximately 36.13 million shares were traded on Wednesday while an average volume of 21.46 million shares were traded over a 30 day period. The 52-week low of the company’s shares is $0.91 and its 52-week high is $3.99. The company has a market capitalization of $9.06 billion.
About the company
The France-based Alcatel Lucent SA (NYSE:ALU) proposes solutions that are used by service-providers, businesses as well as governments across the world. They in turn provide data, voice, and video-services to their own customers. The company is also involved in fixed, mobile, Internet Protocol (IP) and optics-technologies, services and applications. It operates in 3 business segments: 1) Networks; 2) Software, Services, Solutions and 3) Enterprise.
The business segments
The company’s Networks segment is focused on the Internet Protocol intelligent-router market, manufacturing and marketing of optical-networking equipment to transport wireless-product offerings and information amongst other activities. Its Software segment is focused on supplying various offerings for the networks-cycle. The Enterprise segment supplies solutions, products and services that are used by companies to improve their collaborations across customers, employees and partners. It has more than 25 100%-owned subsidiaries.