Alcatel beats Street, gains Qualcomm as small-cell partner

Qualcomm has bought a minor stake in Alcatel-Lucent as part of the French gear-maker's plan to solicit investments from three to five partners that will include a little more than a 5% interest in the vendor. Qualcomm will partner with Alcatel on small-cell research and development. "Other discussions are underway," said Chief Executive Michel Combes, who was reporting his first full quarterly report since taking the helm. Alcatel also said today that sales grew by 1.9% and that the company reported a small operating profit to beat analyst estimates, although its net loss widened from a one-time charge.

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