Nokia, Ericsson to reflect telecoms' prospects

Article Abstract:

Analysts are forecasting that weak results from telecom equipment makers Ericsson and Nokia will portend a poor second half for the industry as a whole. The primary reason for the revenue downturn is spending cuts by debt-laden telecom service providers. Both companies are predicting that the market will stabilize and that revenue growth will resume.

Supply and demand, Telecommunications equipment, Telefonaktiebolaget LM Ericsson, Telecommunication systems

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Nokia expects new 5510 model phone to boost popularity of mobile Internet

Article Abstract:

Nokia Corp. introduced its new 5510 model mobile phone, featuring an alphabetic keyboard on the outside of the handset. The company hopes the convenience of the new keyboard will make the fast mobile Internet, the so-called third-generation services, more popular with consumers. The 5510 model lets users download and store music, and will be available in stores in Europe and Asia this quarter, at a price of around 400 euros ($360.92).

Product introduction, Smart phone, Smart phones, Nokia 5510 (Smart phone)

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Nokia, despite 79% drop in profit, predicts maret rebound for 2002

Article Abstract:

Although Nokia Corp. reported a 79% drop in profit in the third-quarter and admits to a shrinking mobile-phone market, the telecommunications concern predicts a rebound for the industry in 2002. This prediction caused Nokia's shares to jump $1.32 or 7%. to $20.10 per share.

Sales, profits & dividends, Company sales and earnings, Company earnings/profit

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