Alcatel-Lucent (NYSE:ALU) Shares Rallies on News of CEO Departing - ALU, NOK, QCOM, ERIC

Pompano Beach, FL -- (SBWIRE) -- 02/08/2013 -- BlackBerry and Zynga are not the only companies that are facing departures of their guiders after poor performances, as a famous communication merger Alcatel-Lucent CEO moved in the list of veterans moving out of their companies after sluggish performance.

Alcatel-Lucent (NYSE:ALU) CEO Ben Verwaayen has moved out of its company following fter the telecoms hardware maker published substantial declines for the Q4 in last year.

Ben Verwaayen moved in the company in 2008 when he stood down as CEO of BT, planning to bring Alcatel-Lucent (ALU) back into bullish zone.

What was the Moving Force behind ALU On Bullish Run? Read This Research Report on ALU

The departing CEO, Ben Verwaayen stated that the performance program Alcatel-Lucent (ALU) provided last summer to intend to reconstruct the telecoms hardware maker was moving well.

The CEO added that they have witnessed progress on all these choices, and ended 2012 ahead on their cost saving plans.

The stock of Alcatel Lucent (ALU) were in the gainers of the day, as investors were happy to see the CEO leaving after poor decisions that pushed down profits in recent quarter.

So far today, Alcatel Lucent SA (ADR) (NYSE:ALU) shares up +6.23% to $1.69 while the stock is changing hands within a range of $1.66 – $1.69. In the past year, the stock has traded between $0.91 and $2.66. Its average daily trading volume is 19.71 million shares.

For How Long ALU will Fight for Profitability? Read This Trend Analysis report

Looking at other stocks in the tech sector, QUALCOMM, Inc, Nokia Corporation and Ericsson are in the top volume leaders. Let’s have a quick look on their Market performance.

Nokia Corporation (ADR) (NYSE:NOK) shares are up +1.23% to $4.12 while the stock is trading within the range of $4.10 – $4.15 in the current trading session. In the last 12 months, shares have floated between $1.63 and $5.87. This stock, on average, has trading volume of 69.57 million shares.

For How Long NOK’s Gloss will Attract Investors? Find out via this report

In this session so far, QUALCOMM, Inc. (NASDAQ:QCOM) shares moved up +1.08% reaching $67.26. The stock is trading in a range of $66.80 – $67.45. In the last year the stock has moved within a range of $53.09 – $68.87. The Company’s average daily trading volume is 12.36 million shares.

Will QCOM Continue To Move Higher? Find Out Here

Another rival company, Ericsson (ADR) (NASDAQ:ERIC), is trending -1.23% lower to $12.06. The stock price is hovering in range of $11.97 to $12.11. In the previous 52 weeks, shares price ranged between $8.23 and $12.33. Their average daily trading volume is 5.78 million shares.

Why Should Investors Buy ERIC After The Recent Gain? Just Go Here and Find Out

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