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Technology Stocks : Nokia Corp. (NOK)

NOK 6.480

-0.2%

Jan 9 9:30 AM EST

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To: Eric L who wrote (6045)	3/20/2009 5:03:49 AM
From: scratchmyback	Read Replies (1) of 9255

<<Does Ericsson Want Out of the Sony Ericsson JV?>> That would make sense, as Sony Ericson is bleeding so bad... But why would Sony pay anything for Ericsson's stake, is another question. Sony Ericsson sees continued weak sales for first quarter 2009 March 20, 2009, 09:04 (CET) Sony Ericsson Mobile Communications AB ("Sony Ericsson") announced today that its net sales and net income before taxes in the first quarter of 2009 continue to be negatively affected by weak consumer demand as well as de-stocking in the retail and distribution channels. Although final results may differ, Sony Ericsson plans to ship approximately 14 million phones during the first quarter of 2009 with an estimated ASP (average selling price) of EUR 120. Gross margin is expected to decline both year-on-year and sequentially. Net income before taxes is estimated to be a loss in the range of EUR 340 - 390 million, excluding restructuring charges in the range of EUR 10 - 20 million. Sony Ericsson will announce its first quarter, 2009 financial results at 07.30 UK time/08.30 CET on April 17. ericsson.com

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