Marconi posts operating profit

Article Abstract:

Marconi PLC announced that its operations broke even in the second quarter ended 9/30, and its debt-reduction program is on track. Heavy cost-cutting helped the company make an operating profit of GBP5 million (Euro8 million) for the quarter, versus a loss of GBP227 million in the previous fiscal first quarter.

Author: Pringle, David
United Kingdom, Finance, Abstract, Telent PLC

User Contributions:

Comment about this article or add new information about this topic:

CAPTCHA


Nokia net climbs on Asian growth, marking recovery

Article Abstract:

Nokia Corp. first quarter net income rose 18 percent, $863 million Euro ($1.13 billion) from $729 million Euro of last year and sales increased 17 percent to $7.4 billion from $6.35 billion Euro. Increased market share, particularly in Asia is the magic. Shipments to China rose 69 percent to 7.1 million.

Author: Pringle, David
Telephone and telegraph apparatus, Commodity & service prices, Asia, Security brokers and dealers, Securities & Commodities Services, Securities, Commodity Contracts, and Other Financial Investments and Related Activities, Prices and rates, Securities industry, Market share, Company sales and earnings, Company earnings/profit, Company Profile, Company securities, Company market share, Company pricing policy

User Contributions:

Comment about this article or add new information about this topic:

CAPTCHA


Wireless operators, phone makers roam each other's turf

Article Abstract:

The article discusses the mobile phone marketplace in Europe and how there is a drop in demand. Shares in Nokia, the No.1 handset maker, fell 23% after the company warned of flat sales.

Author: Pringle, David
Europe

User Contributions:

Comment about this article or add new information about this topic:

CAPTCHA


Subjects list: Telecommunications equipment industry, Telecommunications systems, Finland, Securities, Nokia Corp., NOK
This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.