Investors expecting NetSuite to break even on a per-share basis for its third quarter were given a pleasant surprise this afternoon when the company beat estimates by a penny.

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With a handful of new Android handsets arriving at market in the coming weeks, including Motorola’s much anticipated Droid, Palm’s prospects for blowout winter holiday sales are dimming. Earlier this week, analysts at Citigroup and CL King voiced their concerns about the company in the wake of another ugly quarter from carrier partner Sprint. Now, Standard & Poor’s is doing so as well.

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With Palm’s shares up more than 900 percent since January, they were destined to suffer a correction someday. And now it seems that day has finally come. Shares in the handset maker fell some 23 percent last week amid concerns about increased competition from Google’s Android operating system, which is being rolled out on a number of devices at a variety of carriers, including Palm partner Sprint.

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Cisco has a message for Tandberg shareholders pressing the networking giant to raise its $3.04 billion offer for the company: Take it or we’re leaving. Sources tell Bloomberg that Cisco has little intention of meeting the demands of a group of investors who would like it to reach a bit deeper into its wallet before they hand over their 24 percent stake in Tandberg.

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Evidently, Netflix is as recession-proof as Hollywood. Reporting third-quarter earnings after market close Thursday, the DVD-by-mail pioneer posted net income of $30.1 million, up 48 percent from a year earlier, on revenue of $423.1 million. That’s 52 cents a share. Analysts had been expecting 46 cents a share on $419.9 million in sales. Why, then, are investors punishing the company in after-hours trading?

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Though eBay reported a 29 percent drop in profit for its third quarter Wednesday, the company did deliver revenue that was reasonably higher than Wall Street’s expectations. Not that it mattered much. Investors took eBay out to the woodshed anyway, beating its shares down seven percent in after-hours trading.

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The econalypse may be winding toward its end, but for Apple it evidently never even started. Shares in the company spiked more than $12, or more than six percent, to $202 in early trading Tuesday as investors celebrated another of the company’s great quarters.

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Demand exceeding supply for the Apple iPhone 3GS is one of the big takeaways from Piper Jaffray analyst Gene Munster’s earnings preview for Apple’s September quarter and it obviously bodes well for the company’s investors. Munster sees Apple beating the Street’s estimates thanks to increased Mac and iPhone sales.

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“Sales of iPhone through China Unicom, to state it mildly, have been disappointing. Volumes since launch have run at a fraction of stated goals.” So says Northeast Securities analyst Ashok Kumar, who, in a research note to investors this morning, warned that Chinese sales of the iconic handset are not nearly as good as expected. Which I suppose makes perfect sense because the iPhone hasn’t yet gone on sale in China.

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Google isn’t scheduled to report third-quarter results until Thursday, but already shares in the company are trading higher in anticipation of solid results. At $524.24, they’re up 1.55 percent–nearly $8, and not without good reason.

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A complete reversal of its earlier policy restricting Internet telephone services to Wi-Fi only, AT&T’s decision to allow iPhone owners to use such services on its 3G network has gone over well with consumers and with Apple. But it hasn’t gone over well with AT&T investors. Shares in the company slipped on news of the decision yesterday and they’re falling still further today.

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Brocade investors are smiling into their coffee cups this morning after reports that the networking-gear maker has put itself up for sale sent the company’s shares soaring. People familiar with the matter tell The Wall Street Journal and Bloomberg that Brocade is seeking a buyer and that both Hewlett-Packard and Oracle are among its potential suitors.

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Discussing Palm’s first-quarter results earlier this month, the company’s leadership claimed that “the vast majority of new sales” for the quarter were generated by the Pre. Palm sold some 823,000 handsets during that period with sell-through of 810,000 units, so that’s an impressive feat. But only if the sales we’re talking about here were made to on-the-street consumers. And, according to Town Hall research analyst David Eller, it’s not entirely clear that they were.

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