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Thursday, April 14, 2011

Alcatel considers corporate telecom gear unit sale -WSJ, (ALUA), (NASDAQ: MSFT), (NYSE: HPQ)

Alcatel-Lucent (ALUA.PA) may sell the part of the company that sells phones and telecom gear to corporations or list the business on the stock market, the Wall Street Journal reported on its website on Thursday. The company has hired advisers to help it explore options for the unit, which has annual sales of around $1.5 billion, the newspaper said, citing people familiar with the matter. Alcatel has started contacting possible buyers for the business, which the newspaper said could include Microsoft (MSFT.O), Hewlett-Packard (HPQ.N) and Ericsson (ERICb.ST). The newspaper quoted one source as saying the unit was worth well over $1 billion and possibly more than $2 billion. Alcatel declined to comment.

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