Though Nokia is lower following its Q3 report, Ericsson (ERIC +2.1%) and Alcatel-Lucent (ALU...

|By:, SA News Editor

Though Nokia is lower following its Q3 report, Ericsson (ERIC +2.1%) and Alcatel-Lucent (ALU +4.2%) appear to be rallying because of it, thanks to the relatively positive results posted for rival Nokia Siemens. Not only did the long-struggling telecom equipment firm see a €409M Q/Q operating profit swing (aided by restructuring efforts), its revenue rose 3% Y/Y, a nice reversal from Q2's 8% drop. A 29% increase in Asia-Pac sales was responsible for the growth.