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Technology Stocks : Ericsson overlook? -- Ignore unavailable to you. Want to Upgrade?

To: elmatador who wrote (5155)	5/2/2003 7:08:20 AM
From: Jim Oravetz	Read Replies (3) \| Respond to of 5390

Handset Market Grows, Sony Ericsson Exits from Top 5, IDC Reports Electronic News, 5/1/2003 The Q1 worldwide market for handsets grew on consumer interest in voice-enabled mobile devices, according to an IDC report. But the news wasn't good for everyone, as Sony Ericsson was bumped out of the top five ranking by LG Electronics. The researcher said that handset shipments grew by 16.6 percent year-over-year in the quarter and dropped sequentially after the Q4 holiday season by 12.4 percent to 107.6 million units. Nokia -- bullish on mobile gaming, music and messaging -- maintained its top position, followed by Motorola, Samsung and Siemens, respectively. Due to what IDC described as an "aggressive product strategy and expanding worldwide carrier presence," LG moved into the top 5 during with 30.7 percent sequential growth and near 110 percent year-over-year growth to 5.6 million units. The handset market will continue to see movement, IDC said. "The evolution of color displays, digital imaging, and converged handheld devices continues to drive growth in the worldwide handset market," said Ross Sealfon, an IDC analyst, in a statement. "Despite continued economic uncertainty, a strong first quarter supported by new technologies and form factors indicates healthy industry growth during 2003." Within the handset shipment total, the market for converged handheld devices (smartphones) is beginning to accelerate, according to the firm. Q1 data showed the market grew 438 percent year-over-year and 37.6 percent sequentially to 1.76 million units, as a number of new Palm OS, Pocket PC Phone Edition, Windows-powered Smartphone, and Symbian OS-powered converged handheld devices were introduced. "At the true intersection of handsets and personal computing, the converged handheld device market is just beginning to grow," said Alex Slawsby, an IDC analyst, in a statement. "Improvements in device form factor, coupled with carrier subsidies, are now putting converged handheld devices within the reach of the everyday consumer resulting in a mass market volume opportunity."