Please consider ALU on Oct. 31 $ 3.25 now racing to yr end target $ $4.68 and RAD price target $ 6.26.
Read about the upgrades ALU has and the credit rating up grades and the increase in institutional holdings and the lowest short position in 3yrs. and the beat and raised forecast. Not one makes a buy but 5 positives make for a compelling story.
ALU is moving nicely in pre market. This news is the game changer Telstra copper network hits 100Mbps mark .
October 29, 2013
TELSTRA and Alcatel-Lucent have achieved speeds of up to 100 megabits per second over existing copper networks, which the Coalition aims to use as part of its fibre-to-the-node National Broadband Network plan.
The news comes as the French telecommunications equipment maker called on the government to be "swift and efficient" with its NBN reviews
Alcatel-Lucent is involved in projects with global carriers that have switched from FTTP to FTTN for various reasons, from budget to faster deployment.
Alcatel-Lucent Australia president Sean O'Halloran said the company was well positioned to deal with the future make-up of the NBN, even if the ban on Chinese telecommunications equipment maker Huawei for national security reasons was lifted. Mr O'Halloran said FTTN technologies could be purchased under its existing contract with NBN Co, which is worth up to $1.5bn.
Alcatel-Lucent is also involved in newly announced trials, with NBN Co to test fibre-to-the-basement technology for multi-dwelling units.