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MAY 06, 2014 - TheStreet

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Why Alcatel Lucent (ALU) Stock Is Higher On Tuesday

NEW YORK (TheStreet) -- Shares of Alcatel Lucent SA  are higher 3.60% to $4.03 after the company announced it completed the 100 gigabit upgrade of its Apollo undersea cable system, which links the U.K. and France to the U.S. "The 100 gigabit per second upgrade enhances the system's capacity in support of the continued global explosion of data traffic and increased demand for capacity-hungry applications such as cloud computing and on-demand video services," the company said.As a result of the upgrade the company said each transatlantic system can carry capacity in excess of 25 ... Read More

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