Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: IQBAL LATIF who wrote (39210)	4/20/2001 6:17:25 AM
From: IQBAL LATIF	Respond to of 50167

Finnish mobile handset giant Nokia [US:NOK] [SE:000053994] reported a 10 percent rise in first quarter pretax profits to €1.48 billion, beating expectations for €1.34 billion. Sales rose 22 percent to €8.01 billion ahead of forecasts for €7.8 billion. Shares initially gained on the news but were trading back at unchanged by mid-morning. See more on Nokia Ericsson's [SE:000010865] [US:ERICY] results were less impressive. The Swedish mobile phone handset and network manufacturer reported first-quarter profits in line with expectations, but warned that second-quarter profits would not improve and announced 12,000 job cuts. Shares slumped 13 percent. See more on Ericsson