SI
SI
discoversearch

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.
Technology Stocks : Qualcomm Moderated Thread - please read rules before posting -- Ignore unavailable to you. Want to Upgrade?


To: limtex who wrote (33945)4/7/2003 7:54:02 AM
From: John Biddle  Read Replies (1) | Respond to of 196519
 
Telecom firms likely to see lackluster first quarter earnings
By Yang Sung-jin Staff reporter
(insight@koreaherald.co.kr)
2003.04.08

koreaherald.co.kr

Major telecom operators in Korea are likely to see lackluster earnings in the first three months of this year, analysts said yesterday.

LG Telecom, a major mobile carrier, is set to unveil its first-quarter earnings later this month, while KTF and SK Telecom will follow suit around the end of the month. Fixed-line telecom giant KT Corp. plans to reveal its first-quarter earnings in late April or early May through a conference call.

Analysts at major brokerage houses in Seoul said that the combined operating profit of those telecom firms might shoot up compared with the fourth quarter of last year, when listed firms reflected various costs for 2002.

But the overall earnings performances might be disappointing, they warned, noting that a strict accounting rule will be applied to the earnings report of those telecom firms after the alleged accounting fraud at SK Global shook up the corporate world.

Three mobile carriers led by SK Telecom, the country's largest mobile carrier, will likely see their operating profit go up a bit, while KT will sustain a lower profit, placing pressure on the fixed-line telecom industry at large.

Dongwon Securities said in a report that SK Telecom's first-quarter revenue will be down 4.5 percent compared with the previous period, while operating profit will shoot up 20.7 percent, helped by lower marketing costs.

KTF, a unit of KT Corp., completed the take-over of its sister unit KT ICOM last month, increasing the number of total outstanding shares by 3.8 percent. Despite the greater number of shares that could dilute the value of share prices, KTF is likely to benefit from the fresh injection of 1 trillion won in cash thanks to the merger.

KT ICOM was in charge of introducing W-CDMA third-generation (3G) mobile service, while KTF would continue to offer cdma2000 1x EV 3G service to forge a dual-standard scheme. But its parent unit KT decided to streamline the mobile operations, arranging the merger, partly affected by the negative outlook for W-CDMA services in Korea.

Korea has more than 32 million mobile phone users, all of whom rely on cdma2000 1x or its upgrade version EV-DO (evolution data-optimized services).

LG Telecom, meanwhile, is expected to see its service revenue go up 7.8 percent from the year-earlier period. The company's plan to increase its market share hit a snag, however, as the Ministry of Information and Communication suddenly balked at loosening up the handset subsidy ban at the requestion of President Roh Moo-hyun.

Hanaro Telecom Inc., the country's second-largest broadband carrier, is forecast to witness a dramatic year-on-year revenue increase - up to 33.1 percent - in the first quarter, supported by the steady rise in the number of high-speed Internet users. But the company's share price might come under downward pressure as its debt amounts to 1.8 trillion won and its cash reserve is 427.9 billion won. The company has to pay back 662.2 billion won in the first half of this year.



To: limtex who wrote (33945)4/7/2003 9:30:36 AM
From: slacker711  Read Replies (1) | Respond to of 196519
 
Japan posts strong cellphone user growth in March
Reuters, 04.07.03, 5:03 AM ET

forbes.com

TOKYO, April 7 (Reuters) - The number of mobile phone users
in Japan grew at the fastest rate in two years in March, an
industry body said on Monday, amid continued strong demand for
camera-equipped handsets and high-speed third-generation (3G)
services.
The number of mobile phone users rose by 1.29 million to
75.66 million in March, the largest monthly growth since March
2001, the Telecommunications Carriers Association said.

Japan's total population is around 126 million, meaning six
out of 10 people now carry mobile phones.

Cellphone sales usually peak in March, the month in which
people buy handsets ahead of a new business and academic year
starting in April, but the net growth last month was higher than
1.12 million new users reeled in a year ago.


"It's mostly camera phones. Plus, we are also doing fairly
well in 3G these days," an NTT DoCoMo Inc <9437.T> spokesman
said.

DoCoMo, Japan's top cellphone operator, said its camera-phone
users now numbered over nine million on April 5, putting it in
sight of the top spot in the domestic photo-phone market held by
J-Phone Co Ltd.

As of March 31, photo-phone users at J-Phone, the Japanese
unit of Britain's Vodafone Group Plc <VOD.L>, totalled 9.015
million. DoCoMo did not give an exact figure.

DoCoMo hit the nine million mark just over 10 months after
launching its first photo phone last June.

As for 3G services, DoCoMo, Japan's largest company by market
capitalisation, attracted 138,400 new users in March, up sharply
from 37,000 in February.

DoCoMo's 3G users totalled 330,000 in March, hitting its
target of 320,000.


Demand for DoCoMo's 3G service has picked up since the launch
earlier this year of three advanced handsets with longer battery
life.

However, it is still behind rival KDDI Corp <9433.T> in this
sector.

KDDI's 3G service won 914,100 new users in March, which
brought its total 3G subscribers to 6.8 million, just short of
its target of seven million users.


Combining standard mobile phone users with subscribers of the
personal handyphone system, which has been shunned in Japan as it
often fails to work in fast-moving vehicles, cellphone users
totalled 81.1 million in March.

Following is a breakdown of the net number of new subscribers
over the past three months at mobile phone services offered by
Japan's top three carriers -- DoCoMo, KDDI and J-Phone -- as well
as total subscribers as of the end of March.

Net subscribers refers to the number of new subscriptions
minus cancellations. Numbers may not add up as rounded figures
are used.


NEW SUBSCRIBERS
OPERATOR JAN FEB MARCH TOTAL
DoCoMo 159,000 194,000 633,000 43,861,000
au (KDDI) 115,000 134,300 331,900 14,049,100
Tu-Ka (KDDI) -21,300 -25,700 -19,000 3,783,300
J-Phone 133,400 164,800 342,300 13,963,300
----------------------------------------------------------

TOTAL 386,100 468,400 1,288,100 75,656,700

NEW USERS OF INTERNET ACCESS SERVICES
OPERATOR JAN FEB MARCH TOTAL
DoCoMo's i-mode 360,000 362,000 826,000 37,758,000
KDDI's EZweb 174,200 184,500 408,600 12,540,500
J-Phone's J-sky 173,300 164,300 278,600 12,161,800
----------------------------------------------------------

TOTAL 707,500 710,900 1,514,200 62,460,300

NEW USERS OF THIRD-GENERATION SERVICES
OPERATOR JAN FEB MARCH TOTAL
DoCoMo 2,600 37,000 138,400 330,000
au (KDDI) 639,000 579,400 914,100 6,805,900
J-Phone 3,500 5,200 15,300 25,200
------------------------------------------------------------

TOTAL 645,100 621,600 1,067,800 7,161,100