Posts for Ticker ‘NOK’

Today’s Best Market Rumors (11/13/2009) (PALM)(INTC)(AMD)

magazinUpdated throughout the day.

Updated 10.30 AM EST: PALM (NASDAQ:PALM) shares are up on speculation that Dell (NASDAQ:DELL) or Nokia (NYSE:NOK) will buy the faltering handset firm (VSInvestor)

Former Goldman Sachs (NYSE:GS) CEO and New Jersey governor Jon Corzine said he has not talked to Bank of America (NYSE:BAC) about running the firm. (The Deal)

Some former bank CEOs are considering bidding for failed banks at FDIC auctions.  (WSJ)

Now that it has settled a legal dispute against AMD (NYSE:AMD), Intel’s (NASDAQ:INTC) biggest challenge is competition from ARM Holdings  (BusinessWeek)

Douglas A. McIntyre

Posted on: November 13, 2009 – 9:00 am in Rumors, , , , , , ,

The Layoff Culture Lives On

bearEconomists still expect layoffs in the US and Europe to slow as the recovery gains momentum. Pessimists among experts on GDP growth and job losses believe that the major risk of a double-dip recession is that unemployment will keep rising well beyond the middle of next year. Read More »

Posted on: November 4, 2009 – 4:42 am in Editor's Picks, Mergers and Buy Outs, , , , , , , , ,

Low Demand For Apple (AAPL) iPhone In China

appleIn the United States, people will line up for blocks and camp out in the cold to be the first customers into Apple’s (NASDAQ:AAPL) retail stores when the consumer electronics wonder introduces a new product. The Chinese response to the introduction of the iPhone was muted.

The Wall Street Journal reports that iPhone sales in China may be slow, at least compared to those in the US. Among the reasons are a retail price that can be over $1,000 and the fact that two million iPhones has already been sold through unauthorized dealers. Read More »

Posted on: November 2, 2009 – 6:45 am in China, Wireless, , , ,

Handset Growth Expected To Surge With Apple (AAPL) Is The Lead

appleThe global handset business has faltered due to the recession. Research firm Strategic Analytics says that worldwide handset sales fell to 291 million units in Q3 down from 304 million in the same period a year ago. But, the firm expects Q4 to be a period of improving sales compared to last year, and part of that improvement is likely to be driven by strong sales of Apple’s (NASDAQ:AAPL) iPhone. Read More »

Posted on: October 31, 2009 – 8:09 am in Telecom, Wireless, , ,

Media Digest 10/28/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

newspaperReuters:   The Nielsen survey shows consumer confidence up in the US for the first time since 2007.

Reuters:   Obama’s financial reforms are advancing in Congress.

Reuters:   The pay czar said his authority should not be expanded.

Reuters:   Obama’s “too big to fail” bill would curb bailouts. Read More »

Posted on: October 28, 2009 – 3:59 am in Press Digest, , , , , , , , , , , , , , , , ,

Media Digest 10/27/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

newspaperReuters:   UBS (NYSE:UBS) will put in a new US chief.

Reuters:   Goldman Sachs (NYSE:GS) says “dark pools” help investors.

Reuters:   The US is welcoming the rise of the yuan.

Retuers:   Nelson Peltz’s board seat at Legg Mason (NYSE:LM) may not signal change. Read More »

Posted on: October 27, 2009 – 3:57 am in Press Digest, , , , , , , , , , , , , , ,

Google’s (GOOG) Android Could Squeeze Out Apple (AAPL)

appleNokia’s (NYSE:NOK) Symbian mobile operating system has dominated the handset software business for years. Microsoft’s mobile Windows has made some progress in picking up market share during the last decade, but its success has been very modest.

The operating systems which are part of the Apple (NASDAQ:AAPL) iPhone and RIM (NYSE:RIMM) Blackberry were almost instant successes because of the popularity of their handsets.

Among these four powerful mobile OS players there seemed to be no room for a fifth, and certainly not a fifth that could take any significant market share. Google’s (NASDAQ:GOOG) is in the process of proving that conventional wisdom wrong. Read More »

Posted on: October 26, 2009 – 6:04 am in Consumer Electronics, Hardware, Software, Wireless, , , , ,

Nokia (NOK) Patent Dispute Could Cost Apple (AAPL) $1 Billion

appleAnalysts are beginning to calculate what a lose in a patent lawsuit brought by Nokia (NYSE:NOK) could cost Apple (NASDAQ:AAPL). Piper Jaffray analyst Gene Munster believes that the figure could be as much as $2 per iPhone. That would put Apple’s liability at $200 million for the handsets it has sold so far.

Munster’s figure is at the lower end of estimates. Nokia claims that ten of its patents have been violated. Read More »

Posted on: October 23, 2009 – 1:55 pm in Law, ,

Today’s Best Market Rumors (10/23/2009) (TWX)(PALL)(T)(KFT)

newspaperUpdated throughout the day.

Updated 1.36 PM EST:  Nokia’s (NYSE:NOK) patent suit against Apple (NASDAQ:AAPL) could cost iPhone maker $1 billion  (Reuters)

The  Bank of England may have to increase bond purchases after the UK economy shrank in Q3.  (Bloomberg)

Chrysler Financial will cease business within two years  (CNBC)

Time Warner’s (NYSE:TWX) Time, Inc publishing unit will eliminate serveral hundreds jobs. (PaidContent)

ETF Securities will launcha ETFS Palladium Trust (PALL)  (TheStreet)

Bank analyst Dick Bove is under criticism for changing his opinion on Well Fargo (NYSE:WFC) from “standout” just after the bank released earnings to “sell” nine hours later  (FT Alphaville)

AT&T (NYSE:T) is close to getting government approval of its deal to buy Centennial Communications. (The Deal)

The liabilities of Japan Airlines would exceed assets by $8.8 billion if the carrier is liquidated.  (NYTimes)

A deal for Nelson Peltz not to criticize Kraft (NYSE:KFT), where he is a major shareholder, is set to expire which may complicate the US company’s efforts to takeover Cadbury.  (Financial Times)

Posted on: October 23, 2009 – 9:14 am in Rumors, , , , , , ,

Media Digest (10/23/2009) Reuters, WSJ, NYTimes, FT, Bloomberg

newspaperReuters:   Japan Airlines faces $8.8 billion in excess debt if liquidated.

Reuters:   Amazon (NASDAQ:AMZN) beat Wall St. estimates.

Reuters:   GM’s CEO will get a pay raise.

Reuters:   Nokia (NYSE:NOK) sued Apple (NASDAQ:AAPL) over patent infringement. Read More »

Posted on: October 23, 2009 – 3:57 am in Press Digest, , , , , , , , , , , , , , ,

Apple (AAPL) Meets The Nokia (NOK) Litigation Machine

appleNokia (NYSE:NOK) sued Apple (NASDAQ:AAPL)  saying  that Apple’s iPhone infringes Nokia patents for GSM, UMTS and wireless LAN (WLAN) standards.

Nokia has a habit of trying to get its way in court as Qualcomm (NASDAQ:QCOM) found out two years ago. After a prolonged royalty fight, Nokia sued the chip design firm and accused it of illegally copying six of its patents for mobile downloading of software applications and for mobile television broadcasts. The dispute between the firms ended with Nokia paying Qualcomm for intellectual property, turning the Finnish company’s legal tactic on its head.

Nokia sued two Chinese companies for copying the design of several of its handsets in 2006. Nokia has also been involved recently in patent litigation, which it won,  against InterDigital. Read More »

Posted on: October 22, 2009 – 1:26 pm in Law, , , ,

Media Digest (10/19/2009) Reuters, WSJ, NYTimes, FT, Bloomberg

newspaperReuters:   US corporations are concerned about the weakness of the dollar.

Reuters:   Bernanke says that global imbalances in trade and cash flows must be addressed.

Reuters:   Wal-Mart (NYSE:WMT) is attacking new markets with huge price cuts. Read More »

Posted on: October 19, 2009 – 4:03 am in Press Digest, , , , , , , , , , , , ,

Media Digest (10/16/2009) Reuters, WSJ, NYTimes, FT, Bloomberg

newspaperReuters:   Google (NASDAQ:GOOG) and IBM (NYSE:IBM) posted strong results.

Reuters:   Bank of America’s (NYSE:BAC) Lewis will skip 2009 pay.

Reuters:   Japan Airlines says bankruptcy is an option to solving its problems.

Reuters:   Soros says US economy will drag on world growth. Read More »

Posted on: October 16, 2009 – 4:04 am in Press Digest, , , , , , , , , , , , , , , , ,

Apple (AAPL) iPhone May Get FM Tuner

appleThe devilishly clever engineers at Apple (NASDAQ:AAPL) have apparently discovered another way to sell songs though the iTunes store.

Apple appears to be developing an FM tuner that will run on the iPhone and some iPod models. According to the site “9 to 5 Mac”, the new feature will allow Apple customers to click on a song that they are listening to on the radio and immediately buy it from the iTunes store. Read More »

Posted on: October 15, 2009 – 5:52 am in Software, Wireless, , ,

Asia Market And Europe Open (10/15/2009)

chinaMarkets in Asia were higher.

The Nikkei rose 2.1% to 10,273. Sony (NYSE:SNE), Toyota (NYSE:TM), and Honda (NYSE:HMC) were all higher.

The Hang Seng rose 1.1% to 22,125. HSBC (NYSE:HBC) was up.

The Shanghai Composite moved up .3% to 2,980.

At the open in Europe, the FTSE was up .1% to 5,260. The Dax was higher by .2% to 5,862. The CAC 40 rose .1% to 3,885. Nokia (NYSE:NOK) which is scheduled to report earnings, was up.

Data from MarketWatch and Reuters

Douglas A. McIntyre

Posted on: October 15, 2009 – 3:23 am in International Markets, , , , ,

24/7 Wall St. TV: Top Four Tech Earnings on Deck (GOOG)(INTC)(NOK)(IBM)

24/7 WallSt TVWe have many key technology stocks reporting earnings this coming week.  Intel Corporation (NASDAQ: INTC) will start things off to give us a read on semiconductors and PCs. International Business Machines (NYSE: IBM). Google Inc. (NASDAQ: GOOG), and Nokia Corp. (NYSE: NOK) are also all on deck for earnings this week.

We have compiled appropriate Thomson Reuters figures here for the consensus estimates and appropriate performance data where needed.  We based the comparisons here for the June 30 close to see how these have performed in the latest quarter and we also looked for that big inflection date of March 9 to see how much these have rallied from the height of the market panic selling. Read More »

Posted on: October 12, 2009 – 11:16 am in Earnings, TV, Technology Companies, , , ,

Top Analyst Downgrades (BRCD, DPS, DWA, EL, NOK, SNDK, VE)

These are the early-bird analyst downgrades and cautious research calls we have seen from Wall Street this Monday morning:

Brocade Communications (BRCD) Cut to Perform at Oppenheimer.
Dr. Pepper Snapple Group, Inc. (DPS) Cut to Hold at Deutsche Bank.
Dreamworks (DWA) Cut to Market Weight at Thomas Weisel.
Estee Lauder (EL) Cut to Conviction Sell List, but was already Sell, at Goldman Sachs.
Nokia (NOK) Cut to Neutral at HSBC.
SanDisk (SNDK) Cut to Sell at UBS.
Veolia Environment (VE) Cut to Neutral at HSBC.

JON C. OGG

Posted on: October 12, 2009 – 7:12 am in Analyst Calls, , , , , , ,

Top 10 Tech Earnings on Deck (INTC, LLTC, ADTN, XLNX, ASML, IBM, AMD, FCS, GOOG, NOK)

DRAM ImageWe have many key technology stocks reporting earnings this coming week.  Intel Corporation (NASDAQ: INTC) will start things off to give us a read on semiconductors and PCs. Linear Technology Corp. (NASDAQ: LLTC), ADTRAN, Inc. (NASDAQ: ADTN), Xilinx, Inc. (NASDAQ: XLNX), ASML Holding N.V. (NASDAQ: ASML), International Business Machines (NYSE: IBM), Advanced Micro Devices (NYSE: AMD), Fairchild Semiconductor International, Inc. (NYSE: FCS), Google Inc. (NASDAQ: GOOG), and Nokia Corp. (NYSE: NOK) are also all on deck for earnings this week.

We have compiled Thomson Reuters figures for the consensus estimates and appropriate performance data where needed.  We based the comparisons for the June 30 close to see how these have performed in the latest quarter and we also looked for that big inflection date of March 9 to see how much these have rallied from the height of the market panic selling.
Read More »

Posted on: October 10, 2009 – 7:35 am in Calendar, Earnings, Technology Companies, , , , , , , , , ,

Too Many Smartphones

nokDell (NASDAQ:DELL) announced that it will launch a smartphone with AT&T (NYSE:T) next year. The handset will be powered by the Google (NASDAQ:GOOG) Android operating system. 

The news about Google’s role has to annoy Microsoft (NASDAQ:MSFT), which has a mobile package of its own, and Symbian, which has about 50% of the smart phone operating system market. Read More »

Posted on: October 8, 2009 – 5:11 am in Telecom, , , , , , , , ,

Today’s Best Market Rumors (10/7/2009) (NOK)(AAPL)(JPM)(GE)(WYNN)

newspaperUpdated throughout the day.

Updated 2:44 Dell Inc. (NYSE: DELL) will launch a branded Android smartphone thru AT&T Inc. (NYSE: T) and possibly other carriers next year.  Source today is from WSJ, but ask this… How many phone and consumer electronics announcements have been rumored on Dell?

Updated 1.36 PM EST:  Pimco left the bondholders steering committee at CIT (NYSE:CIT) last month  (CNBC)

Updated 12.45 PM:  Polycom (NSADAQ:PLCM) could be taken over by Hewlett-Packard (NYSE:HPQ) or Dell (NASDAQ:DELL). Interdigital (NASDAQ: IDCC) could be bought by Nokia (NYSE:NOK) and ValueClick (NASDAQ:VCLK) could be taken over by any one of a number of companies.  (Barron’s)

Updated 12.41 PM:   GM head of American sales leaves amid talk that car company CFO may be next  (CNNMoney)

Update 10.50 AM EST:  Congress may pass a bill which will require that public companies split the roles of chairman and CEO.  (MarketWatch)

Thomson Reuters (NYSE:TRI) may be involved in the bidding for McGraw-Hill’s (NYSE:MHP) BusinessWeek working jointly with Zelnick Media. Strauss Zelnick is on the boards of Blockbuster (NYSE:BBI) and Take-Two Interactive (NASDAQ:TTWO)  (PaidContent).

Citigroup (NYSE:C) may sell it Philbro unit which is paying its chief $100 million  this year.  (CNBC)

Bank of America (NYSE:BAC) has narrowed its list of CEOs to two people  (WSJ).

Foxconn has a deal to make 300,000 to 400,000 Apple (NASDAQ:AAPL) tablet PCs to ship in Q1  (DigiTimes)

Collins Stewart believes that Google (NASDAQ:GOOG) and Yahoo! (NASDAQ:YHOO) are on the lookout for acquisitions. (The Deal).

Share sales by Steve Wynn, head of Wynn (NASDAQ:WYNN), and his COO may be” a canary in the coal mine to other investors to take some profits on the gains in this sector since the March lows.” That would include MGM (NYSE:MGM) and Las Vegas Sands (NYSE:LVS)  (TheStreet.com)

Private equity firms Bain Capital and THL Partners are asking banks that supported their buy-out of Clear Channel Communications to help restructure the firm’s debt. Those banks include Citigroup (NYSE:C), Credit Suisse (NYSE:CS), Deutsche Bank (NYSE:DB), and Morgan Stanley (NYSE:MS).  (NYPost)

News Corp (NYSE:NWS) CEO Rupert Murdoch is in Japan and South Korea and may be discussing partnerships to build a rival product to the Amazon (NASDAQ:AMZN) Kindle.  (Reuters)

Vivendi will discuss selling its 20% stake in GE’s (NYSE:GE) NBCU at its October 19 board meeting to allow a transaction with Comcast (NADSAQ:CMCSA) which would involve the cable company getting control of media firm.  (BusinessWeek)

JPMorgan (NYSE:JPM) executive  Heidi Miller could be in the running for the CEO job at Bank of America. (The Big Money)

Douglas A. McIntyre

Posted on: October 7, 2009 – 9:22 am in Rumors, , , , , , , , , , , , , , , , , , , , , , , , , , ,