It's official: Many investors have officially given up on beleaguered telecom infrastructure play Alcatel-Lucent. After it reported largely weaker second-quarter numbers, wider losses, and more layoffs, several analysts actually issued target guidance for the company at a depressing $0. Of course, this seems amazingly bold. However, Alcatel's recent struggles have been undeniably ugly. So given all the recent noise surrounding the stock, is it done for good? Our technology editor weighs in on these especially bearish calls.
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Andrew Tonner has no positions in the stocks mentioned above. You can follow Andrew and all his writing on Twitter at @Andrew Tonner. The Motley Fool has no positions in the stocks mentioned above. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.