>>> ALU - Awarded bids for its ground-breaking IP core router by China Telecom,

Awarded bids for its ground-breaking IP core router by China Telecom, China Unicom and China Mobile -

- China Telecom, China Unicom and China Mobile the three biggest telecommunications service providers in China have each chosen the 7950 XRS (Extensible Routing System) from Alcatel-Lucent (Euronext Paris and NYSE: ALU) for their IP-based core networking needs in order to meet rapidly accelerating demand for fixed and mobile broadband access in the nation of almost 1.4 billion people.

The 7950 XRS core router is the 'traffic cop' that directs data traffic at the heart of an IP network, handling multiple Terabits of data per second. The system, which offers industry-unique benefits in space saving and energy efficiency, provides operators with up to five times the data capacity of other core routers on the market.

China is anticipating massive growth of data and video in the coming years for residential and enterprise customers due to increasing demand for high-definition content, on-demand viewing, multi-screen delivery, the widespread use of smart-phones and tablets and the rapid adoption of cloud applications.

The first scale commercial deployments of the 7950 XRS in China will enable China Telecom, China Unicom and China Mobile, to address this expected explosion of demand for capacity over the next five years, as well as supporting the operators' contributions to China's national 'Broadband China' strategy. 

The selection of the 7950 XRS is the result of a recent central bidding process for IP core routers. The deployments will mark the first scale commercial use of the system in China.

>>> Fiat Chrysler : Reportedly approves a spin off of Ferrari

Reportedly approves a spin off of Ferrari; offering a 10% stake of the firm to the market with the rest going to shareholders 
- Plans to complete spin off next year, and will list Ferrari shares in the US and Europe.

- Reminder earlier today Ferrari reported Q3 segment performance:Revenues were €662 million (+24%), with 1,610 street cars shipped (+8%). EBIT was €89 million, including €15 million in compensation costs related to the resignation of the former chairman. Net of this item, EBIT was up €16 million with improved sales mix driven by the LaFerrari.

what he said before : 
* In 2013: 
06/27 Fiat Chairman: Reiterates no plans to IPO Ferrari 05/30 Fiat Chairman: no plans to spin off Ferrari

05/08 Ferrari CEO: no plan to spin off Ferrari from Fiat

- In 2012: Fiat CEO Marchionne: No longer have enough money to buy the remaining 41.5% stake in Chrysler, but may IPO Ferrari in order to raise money to do so.

>>> Good Year - Conf Call Slides

Guides initial FY15 global volume +1-2% y/y; FX headwinds in FY15 to be similar to FY14 - conf call slides 
- In FY15 to see positive price mix vs. raw materials (~$50-100 million)- Guides initial FY15 capex $1.2B
- In FY15 sees potential release of US tax valuation allowance. Tax rate if released: 30-35% of global pre-tax income, no US cash taxes for ~5 years
- Venezuela to be a source of uncertainty in FY15
- Our strategy gives us confidence in the future plan to repurchase up to $150 million of our common stock in Q4
- In Q4, increasing demand for our premium branded products was outpacing supply. Constraints were limiting our ability to offset negative volume impact of potential tariff in economy & mid-tier segments. Actions to address increasing demand for our HVA tires:
Current growth capexplan will increase capacity (2014+)
Leveraging our global HVA footprint (2015+)
Building capacity with announced new Americas plant (2017+)

(BFW) Fiat Chrysler 3Q Profit Misses Est.; Confirms Targets

--> -2% on numbers

Fiat Chrysler 3Q Profit Misses Est.; Confirms Targets
2014-10-29 12:28:45.276 GMT


By Brian Lysaght
Oct. 29 (Bloomberg) -- Fiat Chrysler 3Q Ebit EU926m, est.
EU937m.
* Rev. EU23.55b, est. EU22.2b
* Outlook: Confirms 2014 targets incl Ebit ex-items EU3.6b-
EU4b
* Call: 3pm CET 44 20 3427 1917 pin 3565288
* Statement via Website
* Shares up 0.66% ytd vs SXAP down 6.9%
* See Oct. 28: Fiat Said to Favor Mandatory Convertible Bond
* VW reports 3Q tomorrow
* Industry preview


For Related News and Information:
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To contact the reporter on this story:
Brian Lysaght in London at +44-20-7330-7908 or
blysaght@bloomberg.net
To contact the editors responsible for this story:
James Ludden at +44-20-7673-2645 or
jludden@bloomberg.net
Brian Lysaght

>>> Goodyear Tire beats by $0.17, misses on revs

Goodyear Tire beats by $0.17, misses on revs

Reports Q3 (Sep) earnings of $0.87 per share, excluding non-recurring items, $0.17 better than the Capital IQ Consensus Estimate of $0.70; revenues fell 6.9% year/year to $4.66 bln vs the $4.93 bln consensus.

The company reaffirmed its 2014-2016 financial targets, which include:
  • Segment Operating Income growth of between 10 percent and 15 percent per year, -
  • Annual positive Free Cash Flow from Operations and, -
  • An Adjusted Debt to EBITDAP ratio of 2.0x to 2.1x.
  • The company now anticipates Segment Operating Income growth in 2014 will be near the high end of the 10 percent to 15 percent range. Based on year-to-date performance, the company now expects unit volumes to be flat to up 1 percent for 2014 over 2013.

>>> Polo Ralph Lauren beats by $0.20, misses on revs; guides Q3 net revs below c

--> RL -0.3% pre open - low volume

Polo Ralph Lauren beats by $0.20, misses on revs; guides Q3 net revs below consensus; lowers FY15 rev on FX

Reports Q2 (Sep) earnings of $2.25 per share, $0.20 better than the Capital IQ Consensus Estimate of $2.05; revenues rose 4.1% year/year to $1.99 bln vs the $2.02 bln consensus.

Co issues downside guidance for Q3, sees Q3 revs of +3-5% to ~$2.08-2.12 bln vs. $2.18 bln Capital IQ Consensus. Operating margin for the third quarter of Fiscal 2015 is expected to be approximately 100-150 basis points below the comparable prior year period due to higher cost of goods and incremental investments in the Company's strategic growth objectives. The third quarter tax rate is estimated at 30%.

Co issues downside guidance for FY15, sees FY15 revs of +5-7% to ~$7.59-7.73 bln vs. $7.94 bln Capital IQ Consensus. The Company is maintaining its constant dollar outlook for Fiscal 2015. However, as a result of recent, unfavorable foreign currency movements, the Company now expects consolidated net revenues for Fiscal 2015 to increase by 5%-7% compared to its previous outlook of 6%-8% growth. The Fiscal 2015 operating margin is still estimated to be ~75-125 basis points below Fiscal 2014's level, likely at the mid-to-low end of that range due to incrementally negative foreign currency movements. The full year Fiscal 2015 tax rate is estimated at 30%including a 200 basis point net negative impact from foreign currency translation.

>>> Novo Nordisk : Announces U.S. Launch of NovoFine Plus, a New Pen Needle for

Announces U.S. Launch of NovoFine Plus, a New Pen Needle for Patients with Diabetes

announced the availability of its shortest and thinnest pen needle, NovoFinePlus, in the United States. NovoFinePlus is a universal needle that works with all currently available insulin and some GLP-1 receptor agonist pens. The Food and Drug Administration (FDA) cleared the 510(k) application for NovoFinePlus earlier this year.

Pen needles are an integral part of the treatment experience for patients who rely on injectable therapies. Novo Nordisk is currently the only company that offers all components of the delivery system, with integrated development of insulin, needles, and pens. NovoFinePlus joins an entire family of Novo Nordisk pen needles, including NovoTwist32G Tip, NovoFine32G Tip and NovoFineAutocover30G.

>>> Hyatt Hotels misses by $0.06, misses on revs (62.00)

Hyatt Hotels misses by $0.06, misses on revs

Reports Q3 (Sep) earnings of $0.20 per share, excluding non-recurring items, $0.06 worse than the Capital IQ Consensus Estimate of $0.26; revenues rose 7.6% year/year to $1.1 bln vs the $1.12 bln consensus.

Comparable systemwide RevPAR increased 7.6% (8.0% excluding the effect of currency) in 3Q14 compared to 3Q13.


--> Watch MAR US - look intersting short on the chart