The merger of Alcatel and Lucent was lame-brained from the start. It joined two weak companies in a troubled industry which includes also-rans like Nortel (NT). It is an ugly group of…
Douglas A. McIntyre When Sony (SNE) and Ericsson (ERIC) found that neither had enough market share to go it alone in the global handset business, they merged their operations. During 2007, the joint venture moved…
Motorola’s (NYSE: MOT) shares were halted. Then the company announced what many on Wall St. had expected. Its board will look at whether not the company should exit the cell phone business.…
National Semiconductor (NYSE: NSM) posted revenue of $499 million versus consensus $498.4 million and reported $0.33 EPS versus consensus of $0.31. The problem is that the February quarter end was guided down…
Verizon Wireless, a joint venture between Verizon (VZ) and Vodafone (VOD), announced that it would use so called Long Term Evolution for its 4G networks. The move is a huge blow to…
According to Reuters, Richard Branson’s Virgin Group has been picked as the preferred bidder for troubled UK financial company Northern Rock. Reuters writes that Rio Tinto (RTP) rebuffed a bid from BHP…
Giant Interactive (GA) Market unhappy with Chinese game company’s financial results. Drops to $9.56 from 52-week high of $20.46. Freddie Mac (FRE) Bad earnings and warns on dividend. Falls to $24.31 from…
Douglas A. McIntyre Dominos Pizza (DPZ) Quarterly profits drop along with shares. Down to $14.22 from 52-week high of $35.67. Standard Pacific (SPF) Home builder on a day with more bad news about housing sales.…
Ericsson (NASDAQ:ERIC) shares are being crushed pre-market after it issued an earnings warning. It’s been a long time since we saw a reaction in Ericsson shares like this, but shares are trading…
When Apple’s shares first started trading after earnings came out, they dropped briefly. The 9.8 million iPods the company sold seemed to be below expectations, even if the number was up 21%…
(ACOR) Acorda COO resigned to pursue other interests.(AMD) Advanced Micro Devices traded up 4% after revenues were ahead of plan on processor sales.(AUY) Yamana Gold makes business combination offer for Meridian Gold.(BVF)…
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While Motorola (MOT) was burning to the ground selling only 36 million handsets last quarter, Sony Ericsson’s profits rose 54% to $303 million on revenue of $4.3 billion, up 37%. Handset shipments…
(ADLR) Adolor said a complete response to the POI ‘Approvable’ Letter now targeted for 3Q 2007.(ALXN) Alexion Pharm says studies show efficacy and safety of it’s Soliris in broad population of PNH…
