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Technology Stocks : Nokia Corp. (NOK)

NOK 6.255

+1.0%

3:59 PM EST

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To: slacker711 who wrote (4254)	10/17/2006 8:15:23 AM
From: slacker711	Read Replies (2) of 9255

LG's results are out....looks like units are in the ballpark (16.5 million) with margins going into positive territory but ASP's slipping a bit. lge.com\|MENU^PRER\|MENU_20270_PRER\|MENU.jhtml From the handsets business only, revenue rose 5.3% to KRW 2.126 trillion (USD 2.23 billion) from KRW 2.019 trillion (USD 2.125 billion) QoQ. Operating profit recorded KRW 79 billion (USD 82 million), 3.7% of total revenue and turn-around from loss of KRW 3.0 billion (USD 3.15 million) in the previous quarter. Total shipments were 16.5 million units (10.5 million in CDMA, 5.6 million in GSM, 0.5 million in WCDMA), an 8% increase from the previous quarter of 15.3 million units and 7% increase YoY. Improved shipment in CMDA market to 10.5 million units from 9.1 million units was driven by strong performance in North America geared by Chocolate phones and Korea. Boosts in open markets drove growth in GSM area to 5.6 million units from 4.8 million units. In sales by region, rise in North America of 45% from 28 % the previous quarter was remarkable.

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