ALCATEL SHARE FALL DESPITE RISING PROFITS.

Shares in French telecom equipment group Alcatel defied a falling Paris bourse to gain over 5% on October 28 after the company reported a rise in nine months sales in spite of bearish expectations. At midday, Alcatel shares were up 5.6% at 585 francs while the blue-chip index was down 1.9%. The group said total nine-month sales rose 2.4% to 93.2 billion French francs (USD16.86 billion) - a 4.5% increase on a like-for-like basis - while third-quarter sales were up 10.1% to 30.7 billion francs.The key telecom systems sector saw 8.9% higher...

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