This Just In: Upgrades and Downgrades   And speaking of the
worst... When investment banker UBS downgraded Alcatel-Lucent
(NYSE: ALU  ) to sell last month, and warned that the $1.06
stock was heading down to $0.78, shareholders probably imagined
things could get no worse. Then Alcatel reported earnings, and
all of a sudden, things did get worse.  A lot worse. Sales in
fiscal Q3 dropped 9.5% at Alcatel, and with profit margins
declining across the board, Alcatel ended Q3 with an $0.08-per-
share net loss, a reversal from last year's $0.10 per share
profit.  The news was so bad, in fact, that it prompted one
analyst to throw in the towel on Alcatel. Yesterday, analysts at
Bernstein announce they were trading in their market perform
rating for an underperform, and setting a new target price of...
better sit down for this... $0.60 per share.  Why so harsh,
Bernstein? What was it that prompted Bernstein to take a look at
UBS' recommendation, and then undercut it by a further 23%?
According to the analyst, the key f