Tech Recap: Alcatel Lucent SA (ADR) (NYSE:ALU), Sprint Nextel Corporation (NYSE:S)

Lakeway, TX -- (SBWIRE) -- 02/22/2013 -- Bestdamnpennystocks, an investment community with a special focus on updating investors with recent news on the U.S. stock market, issues news alert on the following stocks:-

The French government after taking a minority stake in Alcatel Lucent SA (ADR) (NYSE:ALU), is considering to protect the unprofitable network equipment maker’s patents, people with knowledge of the deliberations said.

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Until a successor of Chief Executive Officer Ben Verwaayen is found the government is not likely to decide which option to pursue.

Last month, the French government unsuccessfully sought alternative solutions for Alcatel-Lucent’s financing needs, according to union representatives.

Even with the government as a major backer, Alcatel-Lucent faces an uncertain future in a highly competitive industry.

Shares of Alcatel-Lucent fell by 5 cents or 3.29% to close at $1.47 on Thursday.

With increase in data demand the Chief Executive Officer Dan Hesse of Sprint Nextel Corporation (NYSE:S) looks for new deals.

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The company is looking for deals with other companies or through government sales, as more users watch sports and music videos on phones and tablets generating the need to add capacity to keep its data service.

“Clearwire would give us a strong spectrum position for a period of time,” Hesse said in an interview this month. “But we also have a very long-term view, and we would want to acquire more spectrum.”

Sprint has lots of work to do if it aims to catch up to Verizon and AT&T in capacity.

“Sprint could use a better presence in the Midwest market,” Ron Westfall, research director for service provider infrastructure for Current Analysis, said

“Sprint’s focus this year will be on getting Clearwire done and building the LTE network,” said Kevin Smithen. “I think 2014 and 2015 are probably the big years for Sprint as far as spectrum deals.”

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