Tim Boddy from Goldman Sachs has upped his rating on Nokia. The reason? It seems that now that the industry outlook has gotten to a certain level, any further adversity will most likely work in the company’s favor, as its competitors are more likely to fall by the wayside. Like in a Schwarzenegger movie.
Worldwide mobile phone sales grew only five percent in the third quarter–a disappointing performance in the sector, and the lowest since 2002. Only Apple and Samsung stood out from the pack. It makes perfect sense that large screen TV sales would slump heading into a recession, but mobile phones? Maybe consumers are bored. Sales are expected to jump slightly during the holiday season.
When Peter Alan Smith pulls out his phone in a crowded Back Bay restaurant, there’s no clue that his Nokia is by far the most expensive mobile phone in the entire place. He has about $2,400 in software loaded onto the $600 device.
It’s been a bad week for Powerwave (PWAV): The stock is down 38 percent since Friday.
Not a lot of substantive news, but plenty of incremental worry about the state of the communications equipment segment. Powerwave makes power amplifiers and other components for communications gear.
Apparently relieved that results weren’t even worse, investors are bidding up Nokia (NOK) shares this morning despite third-quarter results that were slightly worse than expectations.
The company posted sales for the quarter of 12.2 billion euros, down 5 percent year over year and off 7 percent sequentially.
You have to search pretty hard to find tech stocks left out of today’s rally. But they’re out there. Here are a half-dozen companies that were not included in today’s historic rally, which took the Nasdaq Composite up nearly 12 percent.
Nokia (NOK) this morning warned that it now expects its mobile device market share in the third quarter to be down from the second quarter. The company had previously said it expected its share of the market to be sequentially flat.
The global mobile handset market grew 15 percent in the second quarter to 297 million units, according to research firm Strategy Analytics.
Nokia (NOK) continued to dominate the market, with a 41.1-percent share, up from 40.9 percent in the first quarter, shipping 122 million phones.
Qualcomm (QCOM) shares are lower this morning after a German patent court hearing an infringement case against Nokia (NOK) ruled that a Qualcomm GSM patent is invalid. As it happens, a key U.S. case between the two companies begins today in Delaware.
Sustainability will influence the next generation of Internet technology, according to Chief Technology Officer Padmasree Warrior. At Fortune’s Brainstorm Tech conference Tuesday, Warrior talked with Strategic News Service’s Mark Anderson about information overload, mobile innovation, and major tech transitions ahead.
Nokia (NOK) shares are headed higher this morning on better-than-expected second-quarter results.
For the quarter, the company posted net sales of $13.151 billion Euros, up 4 percent both year-over-year and sequentially, and ahead of the Street consensus of 12.8 billion Euros. EPS excluding special items was in line at 36 Euro cents per share.
Nokia, already a stakeholder in mobile OS maker Symbian, has announced that it will buy the remainder of the company and throw all the assets into a new platform called the Symbian Foundation, which will unite all the flavors of Symbian into a single, common software platform that will go open source in two years. The story is not that this happened but why–and what it means for the mobile industry.
By using more computers and mobile phones, we can cut carbon dioxide emissions by 15 percent and save $1 trillion in reduced electricity and fuel costs, according to a study from something called the Climate Group.
Bloomberg reported on the study, which it notes was funded by, among other people Microsoft (MSFT), Cisco (CSCO) and Nokia [...]
Motorola (MOT) shares continue to sink ever deeper into the mire.
The stock is getting whacked today, perhaps in part from some bearish commentary from the contract manufacturer Foxconn. According to Bloomberg, Foxconn Chairman Samuel Chin made some bearish comments following his company’s annual meeting today in Hong Kong.
Chin said that Motorola, Foxconn’s biggest customer in [...]
Choosing a smartphone reminds me of the old adage from product-design people: “Good, fast, cheap: Pick two.” Much more so than a personal computer, a smartphone is an exercise in compromise. This will continue to be obvious even after Apple announces “iPhone 2.0″ at this week’s conference for Macintosh and iPhone software developers.
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