Alcatel-Lucent (ALU) Plans Lower-Cost Smartwatch

Alcatel-Lucent (NYSE: ALU) has announced its entry into the burgeoning smartwatch segment.

TheVerge noted Friday that Alcatel's goal is to create a more affordable smartwatch.

Alcatel's device has a round face, similar to the Moto 360. The smartwatch also appears to have a smaller display, which is surrounded by a function, semi-active ring.

The device will connect to Android smartphones and will perform similar functions users have come to expect from a wearable device: monitor daily activity, take photos, control music, and receive notification.

Alcatel will present the device at CES next week.

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