Shares of Alcatel rallied 10% Tuesday after the French telecom equipment maker said results will beat analysts expectations. Why China Is Tops in Tech Gear:: Frances Alcatel (ALA) pulled out of a joint venture with TCL this year, less companies to make the kind of money they need to grow into global powers. http://www.businessweek.com/technology/content/dec2005/tc20051213_232968.htmHOME | InfoWorld: Product Guide: Alcatel USA OmniAccess 4324 : Company:: Nortel Optical Solution Powers ntl Telewest Triple-Play Services. Monday Nov 13, 09:00 AM PST the potential for higher actual costs to be incurred in http://www.infoworld.com/Alcatel_USA_OmniAccess_4324/produId=0&prId=TO38913112006-1HOME |
Alcatel said it expects earnings of 16 cents a share in the quarter, two cents ahead of estimates, on sales of $3.82 billion.
The company cited strong IP routing, optical transmission, wireless and enterprise sales for the better than expected results, which the company released two weeks ahead of schedule. Light Reading - Chips, Components & Subsystems - Princeton Lightwave :: For one, higher powers are needed to drive optical signals over longer distances. Alcatel-Lucent (5432), AT&T (1598), BellSouth (825), BT (1083) http://www.lightreading.com/document.asp?doc_id=4540HOME |
The broader market finished mixed Tuesday after rising oil prices restrained blue chips.
The Nasdaq rose 8 to 2143, the S&P climbed 3 to 1222, and the Dow slipped 6 to 10,513. Volume rose to 1.93 billion shares on the NYSE, but declined to 1.67 billion on the Nasdaq. Advancers led 18-13 on the NYSE, and 15-14 on the Nasdaq. Upside volume was 62% on the NYSE, and 63% on the Nasdaq. New highs-new lows were 399-23 on the NYSE, and 196-20 on the Nasdaq.
Ameritrade climbed 2% after beating revenue estimates.
Freescale gained 4.4% on a multiyear deal with Motorola.
Ixys, Motive and Open Text plunged on warnings.
Ebbers Gets Long Stretch
Technical Analysis: Nasdaq, S&P Test Highs |