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ETF Preview: Tech Funds Should Find Support in Earnings, Telecom Boost May Follow Upgrades

Fri, 23 Oct 2009 12:47:32 GMT

Major market ETFs, including the SPY, DIA, UYG and others, are narrowly mixed, with most pointing just higher.[More...]

Cisco (CSCO) Defensive On Avaya Inc’s Nortel Deal

Mon, 14 Sep 2009 17:25:00 GMT

Avaya Inc. outbid Siemens Enterprise Communications (SI) to win Nortel Networks Corp.'s (OTC:NRTLQ) money-losing division which makes phone systems for businesses for $900 million, plus an additional $15 million for an employee-retention program.[More...]

Ericsson (ERIC) Wins AT&T (T) Contract

Tue, 08 Sep 2009 15:31:44 GMT

LM Ericsson Telephone Co. (ERIC) said it has been selected as one of two suppliers for AT&T Inc.'s (T) Wireline Access products and services. The deal is a major win for Ericsson's wireline business in North America. It will now provide full system solutions within AT&T's wireline access network, significantly accelerating the company's ability to bring new broadband-based products and services to market.[More...]

Microsoft (MSFT) Patents Change Hands

Tue, 08 Sep 2009 14:26:26 GMT

Several patents previously held by Microsoft (MSFT) are expected to change hands. Microsoft acquired the patents from Silicon Graphics and subsequently sold them to Allied Security Trust (AST) at a private auction. AST is expected to resell the patents to Open Invention Network (OIN). The patents purportedly relate to Linux open source technology, which is the reason for the interest in them.[More...]

The Next Big Opportunity : ERIC, NOK, SI, CSCO

Thu, 20 Aug 2009 13:32:46 GMT

Massive deployment of high-speed wireless networks throughout the world has opened up a new market for telecom outsourcing and managed services for several telecom equipment manufacturing firms. The next-generation (3G/4G) wireless networks are aiming to cope with substantial demand for high-speed wireless data services and mobile video. Telecom service providers are now typically looking at providing the converged IP-based network, offering bundled solutions for triple play voice, video and data. This requires the implementation of complex network architecture. The telecom outsourcing market generally includes network implementation & maintenance, system integration & managed services, and consulting. In order to minimize their costs, carriers try to concentrate on developing new services, implement a service-oriented business model, and marketing. The market for basic network[More...]

Verizon Tests 4G Network

Mon, 17 Aug 2009 20:25:30 GMT

Verizon (VZ) reportedly completed field tests for its fourth-generation (4G) network based on the Long Term Evolution (LTE) wireless broadband technology in Boston and Seattle. These cities are expected to be the first two markets where 4G services will be commercially available in 2010. This represents a major milestone in the company’s first phase 4G trial process, providing the roadmap for future test launches. Verizon has used its 700 megahertz (MHz) wireless frequency band for 4G data transfer to successfully test applications such as web browsing, voice transmission, video streaming and file upload and download. The company is leveraging the network infrastructure provided by its technology partners Ericsson (ERIC) and[More...]

Sprint's (S) 2Q Loss Widens

Wed, 29 Jul 2009 13:43:24 GMT

Sprint Nextel (S) reported its second quarter earnings today, with a net loss exceeding consensus and our forecasts while reported revenue came in line with the average estimate. The company posted a second quarter net loss of $384 million or $0.13 per share, which is 12% higher than the net loss of $344 million or $0.12 per share reported a year ago. Operating revenue fell 10% year over year and 1% sequentially to $8.1 billion due to lower contribution from its wireless business. The total reported revenue from the wireless segment was approximately $7 billion, reflecting a year-over-year decline of 9%. Wireless service revenue registered $6.4 billion, down 9% year over year while flat sequentially, as revenue growth from Boost Monthly prepaid subscribers was offset by declines in the post-paid segment.[More...]

Sprint Outsourcing To Ericsson

Fri, 10 Jul 2009 18:52:16 GMT

The third largest US wireless carrier Sprint Nextel (S) is outsourcing its networks to Sweden-based Ericsson AB (ERIC) under a seven-year agreement worth $4.5 billion to $5 billion (almost equivalent to the cash available on Sprint’s balance sheet), representing one of the largest network outsourcing deals in the global telecom industry. The agreement, however, excludes the company’s high-speed wireless broadband (WiMax) network. Ericsson, a leading manufacturer and supplier of telecommunication equipment, will manage, optimize and operate Sprint’s CDMA and iDEN technology based wireless networks as well as wireline network. On the other hand, Sprint will maintain full ownership and control of its network assets and will continue to solely make network[More...]

Mobile Phone Makers Opt For Aggressive Strategies To Meet Smartphones’ Demand

Mon, 16 Feb 2009 13:59:00 GMT

The mobile phone sector on Monday gained the attention of investors and consumers with their different steps to boost sales of high-end handsets by opting different marketing strategies and launching new devices and services.[More...]

Ericsson Called Fairly Priced

Mon, 02 Feb 2009 16:03:00 GMT

Headquartered in Stockholm, Sweden, LM Ericsson Telephone Company (ERIC) is a multinational company engaged in manufacturing and selling wireless infrastructure equipment for the telecom sector. It is a total network solutions provider, serving wireless and wireline operators, enterprises, and consumers. Ericsson reported higher revenues but lower-than-expected earnings for 4Q08. The company experienced operator consolidation and delays in mobile telecom roll-outs across Western & Eastern Europe, Australia and Japan, which caused its product mix to be more-heavily weighted towards lower-margined products and services. This, along with costs of integration, reduced the company's overall margins and earnings significantly during the 4th quarter. Although the company's share price has[More...]

ST-Ericsson plans 600 job cuts

Fri, 04 Dec 2009 09:50:00 GMT

ST-Ericsson, the joint venture of STMicroelectronics and Ericsson, has announced plans to cut 600 jobs to further improve financial performance and increase its competitiveness in the market.
The savings are expected from reductions in operating expenses and spending, along with an extensive R&D efficiency program.
The company said specific country impact related to this plan and further details will be provided when employee representatives have been involved where required.

: iStockAnalyst.com Symbols Feed

ETF Preview: Tech Funds Should Find Support in Earnings, Telecom Boost May Follow Upgrades

Cisco (CSCO) Defensive On Avaya Inc’s Nortel Deal

Ericsson (ERIC) Wins AT&T (T) Contract

Microsoft (MSFT) Patents Change Hands

The Next Big Opportunity : ERIC, NOK, SI, CSCO

Verizon Tests 4G Network

Sprint's (S) 2Q Loss Widens

Sprint Outsourcing To Ericsson

Mobile Phone Makers Opt For Aggressive Strategies To Meet Smartphones’ Demand

Ericsson Called Fairly Priced

ST-Ericsson plans 600 job cuts

Triangle jobless rate at 8.9%

Marketing like mad in the midlands

EU drops Qualcomm antitrust probe

State jobless rate inches up

New jobless benefit claims unchanged at 505K

Ahead of the Bell: Jobless claims

Ahead of the Bell: Leading economic indicators

Sony Ericsson closes NC, other sites as HQ moves

Sony Ericsson closing NC site among global cuts

Versant Announces Quarterly Net Income of $1.6 Million

ST-Ericsson aims at improved financial performance, competitive cost structure and accelerated portfolio execution

Nortel Obtains U.S. and Canadian Court Approvals for Sale to Ciena of Optical Networking and Carrier Ethernet Businesses and for Sale to Ericsson and Kapsch of GSM/GSM-R Businesses

Infonetics Research: Carrier VoIP equipment holds steady at $595M in 3Q09; IMS market on track for growth

Service Provider Edge Router Market Stable in the Third Quarter, According to Dell'Oro Group

Nortel Selects Ericsson and Kapsch as Successful Bidders for GSM/GSM-R Business

Nortel Completes Sale of CDMA Business and LTE Access Assets to Ericsson

Progress Software Drives Innovation and Operational Responsiveness at WIN For Next Generation Mobile Messaging Services Platform

Skyworks Posts 19 Percent Top Line and 50 Percent Bottom Line Sequential Growth in Q4 FY09

Versant Upgrades Open Source License -- Adopts GPLv3