Orlando, FL -- (SBWIRE) -- 10/15/2013 -- Hot Stock Profits provides investors and traders with valuable trading tools and content as well as micro-cap stock alerts via eMail and text messages. To Join Our Text Message Alerts Service Just Text The Word Stocks To 555888 From Your Cell Phone. Our Focus Today Is On Alcatel Lucent SA (ADR) (NYSE:ALU), BlackBerry Ltd (NASDAQ:BBRY).
Alcatel Lucent SA (ADR) (NYSE:ALU) shares gained 3.26% to $3.80. The company on Oct. 7 will slash 15,000 jobs, people familiar with the matter said, the latest step in the telecommunications-equipment maker’s plan to reshape itself as a smaller company focused on a handful of core businesses. The money-losing company plans to announce Tuesday that it will cut the jobs, largely in older technologies such as second- and third-generation wireless equipment, the people said. The company also plans to add roughly 5,000 new jobs in growth areas, such as Internet-routing, one of the people added. The announcements will be part of a morning union meeting.
Additionally, the company on Sept. 24 announced that it will deploy an IP-based mobile backhaul network to support LTE-Advanced services for SK Telecom (NYSE: SKM, KSE: 017670), Korea's largest mobile operator.
Are investors worried about the recent updates with ALU? Find out with a free trend analysis HERE
BlackBerry Ltd (NASDAQ:BBRY) shares increased 0.87% to $8.14. After weeks of negative media attention, BlackBerry Ltd. is publishing an open letter aimed at reaching out directly to its customer base as part of an attempt to soothe concerns about the health of its business and allay fears regarding the Canadian company’s long term future.
Additionally, Newman Ferrara LLP on Oct. 8 announces that a class action lawsuit has been filed in the Unites States District Court, Southern District of New York against BlackBerry Limited and certain of its executive officers, alleging violations of federal securities laws. Investors who purchased BlackBerry securities between September 27, 2012 and September 20, 2013 may apply with the Court to be appointed Lead Plaintiff no later than December 3, 2013. The Lead Plaintiff will direct the litigation on behalf of the other class members.
Is BBRY going to continue its rally or drop like a rock? Find out with a free trend analysis HERE
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