Lucent Technologies

(LU)

fell 0.9% in midmorning after hitting a 52-week low of $12.10.

The Wall Street Journal

said Lucent plans to put its optical fiber solutions unit up for sale, possibly as soon as two weeks.

In addition,

The New York Times

reported that Lucent is investigating the activities of a former high-ranking executive, James Baughman, who was director of recruiting when he died last September at the age of 47.