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Quigley Talk Boosts ALU

The proliferation of reports suggesting that former Alcatel-Lucent (NYSE: ALU) golden boy Mike Quigley will return as the vendor's new CEO is giving the company's stock a much needed lift.

Quigley, who is highly regarded by many former Alcatel staffers, has been seriously linked with AlcaLu's hot seat since early last week, and now, according to multiple weekend media reports, he's the clear favorite to step into Pat Russo's shoes. (See AlcaLu CEO Rumor Reprise.)

In addition, Reuters is reporting that experienced French executive Philippe Camus is the leading candidate to replace Serge 'The Merge' Tchuruk as AlcaLu chairman. Check out this report for more details.

European investors clearly believe this is all good news: In early Monday morning trading AlcaLu's share price is up nearly 3 percent to €4.26 on the Paris bourse.

The stock still has a lot of ground to make up, though, as it was worth nearly 49 percent more a year ago, when it commanded €6.33. And when AlcaLu opened its doors for business in late 2006, the company's share price stood at €10.12.

— Ray Le Maistre, International News Editor, Light Reading

observe1 12/5/2012 | 3:33:26 PM
re: Quigley Talk Boosts ALU (as summarised in the title)
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