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.

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

To: Robert C. Petersen who wrote (2681)	1/31/1999 1:33:00 PM
From: Rusty Johnson	Respond to of 5390

SmartMoney Interactive Nokia delivered earnings that exceeded consensus estimates. But many analysts were hoping for more. The stock fell Thursday after the Finnish cellular phone maker announced its fourth-quarter sales rose 51% to $14.6 billion, much higher than forecasts of 35% growth. Nokia also said it will vote to split its stock 2-for-1 at its annual meeting March 17. Not all cell phone makers were hit. Swedish rival Ericsson has been gaining ground following its presentation Thursday of its new handset that works across two European standards for mobile phones and can be controlled by voice commands. The stock's rise is in spite of a decline in fourth-quarter earnings and a warning by Ericsson that operating profit in the first half of this year will fall short of year-earlier levels. Meanwhile, cell phone distributor Brightpoint said fourth-quarter earnings rose 33% to 24 cents a share, excluding charges, from a year ago. This was on target with the Street's forecast. Don't forget the Dr. Bronner's and wire brush. Mange tak!