According to several media reports, Nokia (NOK) says it will cut several hundred employees and temporarily lay off 2,500. Nokia blames the move on the declining market for handsets around the world.
SiRF Technology Holdings Inc. (NASDAQ: SIRF) is soaring following a takeover. This is a huge premium deal on the surface, but there might be issues after you start peeling the onion.
Level 3 (LVLT) has been dogged by $6.4 billion in debt from M&A activity and virtually non-existent operating income. The tough credit environment is catching up to the firm. LVLT has $700 million in…
Qualcomm Inc. (NASDAQ: QCOM) reported earnings of $0.31 in pro forma non-GAAP EPS and $2.52 billion in revenue. Thomson Reuters (First Call) had estimates of $0.47 EPS and $2.42 billion in revenue. Qualcomm is…
Verizon (VZ) is just like any other big telecom company around the world. The death of the old home phone keeps holding it back as the firm’s fourth quarter revenue showed. The traditional "landline"…
Sprint (S) is probably not a viable standalone company any more. It laid off 8,000 people yesterday and said it may outsource some of its work to cover for the drop in employees. That…
Nokia (NOK) turned in a bad quarter. Net profit in the fourth quarter dropped to 576 million euros ($751 million), or 0.15 euro a share, from 1.84 billion euros, or 0.47 euro a share,…
The business of selling handsets and cellular service was supposed to be close to "recession proof". A number of citizens in place like China and India still do not have wireless phones. The build-out…
Sony Ericsson, by most measures the fourth-largest handset company in the world, missed analysts’ estimates for the last quarter. The age of the endless growth of cellphone purchases may have come to an end.…
The excitement about Palm’s (PALM) new Pre handset has sent the company"s stock up from $3.50 to over $6. But, the shares have not moved in two days, even with several analyst upgrades. Palm…
Level 3 (LVLT), the troubled telecom company is trading off nearly 25% today to $1.13 with no news. The firm carries a lot of debt at $6.4 billion and has modest operating income. It…
Sprint (S) is down sharply today, heading toward penny-stock land. Shares are at $1.70, off their 52-week high of $13.90. Much of the drop is due to its falling cellular subscriber base which contrasts…
Research in Motion Ltd. (NASDAQ: RIMM) is set to report earnings at the close today. The Blackberry smartphone maker is expected to post earnings (from First Call, Thomson Reuters) at $0.83 EPS and $2.82…
Nortel Networks Corporation (NYSE: NT) is going to be back at the stock game again. The troubled Canadian telecom equipment provider announced today that it was notified today by New York Stock Exchange that…
Nortel Networks Corp. (NT), which until recently was Canada’s largest company, is has hired bankruptcy attorneys to advise it in the event that its restructuring plan fails, according to The Wall Street Journal. Odds…