Report: Lucent Fiber Optic Unit on the Block

Lucent Technologies (LU Quote) plans to put its optical fiber solutions unit up for sale, possibly in as soon as two weeks, according to a published report.

The Wall Street Journal said Wednesday the possible sale of Lucent's optical fiber unit could fetch as much as $8 billion. The paper reported that it remains unclear which companies could bid for the unit, and speculated that suitors could include rivals like Corning (GLW Quote) and Alcatel (ALA Quote), the French equipment maker. ...