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Alcatel-Lucent’s (NYSE:ALU) third quarter is affected by operators cutting back on network spending, primarily in Europe. Quarterly EPS is -€0.06 which misses by €0.02, on revenues of €3.6B, which surpass estimates of €3.55B though are down 2.8%. Net loss is €146M compared to a profit of €194M last year. Analysts expected €149.1M.
eBay (NASDAQ:EBAY) makes another foray into China after its earlier attempt folded in 2007. According to reports, it has formed an alliance with high-end retailer Xiu.com, and the formal announcement is expected on November 12.
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A Microsoft (NASDAQ:MSFT) smartphone is under test with equipment suppliers in Asia, though it is not clear whether the device will enter commercial production, reports the WSJ. Rumors refuse to go away, and last week MSFT chief Steve Ballmer was rather non-committal on the subject.
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