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A Selective Investment in Scandinavia
ERIC
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-29.62%
in
396 days
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As evidence of commercial interest in developing an ETF for the Nordic region, Global X Management has recently filed for such a product , based on the FTSE Nordic 30 Index. The Global X filing specifies that, "The underlying index tracks the performance of the 30 largest and most liquid companies in Sweden, Denmark, Norway, and Finland. The Adviser uses a passive or indexing approach to try to achieve the Fund’s investment objective."
In contrast, the ETFI Nordic Region PerformIdex is a semi-active ETF proposa...
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LM Ericsson Telephone Co.
ERIC
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-0.78%
in
509 days
elefonaktiebolaget LM Ericsson provides telecommunications equipment and related services to mobile and fixed network operators. It operates in four segments: Networks, Professional Services, Multimedia, and Phones. The Networks segment offers products for wireless and wireline access; core network solutions, including softswitch, IP infrastructure, IP –based multimedia subsystem, and media gateways; microwave and optical transport solutions for the management of voice and data traffic; and deployment services. The Professional Services segment provides managed services comprising various a< /><><><><><><><><><><><><><><><><><>< />< /><><><><><><><><><><><>< />...
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STOP at : 19.01 USD on : 3/28/2008
ERIC
Strong Bounce On Little News
ERIC
-73.48%
in
800 days
The market is getting a nice bounce in early trading, although you know by now that I am often skeptical of strong market opens. I prefer to see a market that opens flattish and rallies into the close.
Wireless equipment maker Ericsson (ERIC) issued a strong forecast, and disk drive maker WDC also raised its guidance. So those are some positive developments that are helping the tech sector at the margin.
Goldman Sachs (GS) put in a big reversal yesterday, and helped lift the whole group. The brokers are up again this morning, by +1.4%. GS reports earnings tomor...
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From the Blogosphere
China Mobile Outlines 4G Plan – Analyst Blog
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China Mobile (CHL), the world’s largest wireless carrier by subscriber, has revealed its plan to commence the trial run of its 4G network during World Expo 2010 to be held in Shanghai from May 1 to Oct 31, 2010. The company’s 4G service is based on the TD-LTE (Time Division Duplex Long Term Evolution) mobile broadband technology. Roughly 200 participants and 70 million visitors are expected to assemble at the Expo.
China Mobile has recently selected Alcatel-Lucent (ALU) for the responsibilities of design, construction, installation and integration of communication infrastructure to fac...
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Final Deadline for Nortel Bid – Analyst Blog
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Nortel Network Corp.'s (NT) said that the final auction for acquiring all of its Metro optical and Ethernet Networks (MEN) division is on Nov 20, 2009.
The deal is subject to a competitive bidding process. Nokia Siemens Networks, a joint venture between Nokia (NOK) and Siemens AG (SI) and a private equity firm One Equity Partners have jointly bid for Nortel’s optical networking and carrier Ethernet business challenging Ciena Corporation’s (CIEN) bid for the assets.
The telecommunication and network specialist Ciena offered a total of $521 million ($390 million in cash and 10 million ...
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Ciena: Will They Be Outbid For Nortel Optical Unit?
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Ciena (CIEN) shares continue to rally ahead of the revised deadline for Nortel’s optical components business. In October, Ciena agreed to buy all of the optical networking and carrier Ethernet assets of Nortel’s Metro Ethernet Networks division for $390 million in cash and 10 million CIEN common shares. But under terms of the deal Nortel was free to seek other bids, and has basically been holding an auction for the business. Today is the revised deadline for submitting a bid. <>In general Ciena investors are not keen on the prop...
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Novatel Enters M2M Market – Analyst Blog
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Novatel Wireless Inc. (NVTL) has entered into the Machine-to-Machine (M2M) smart devices market through a multiyear Memorandum of Understanding with Cinterion Wireless Modules GmbH. Cinterion is a global leader in M2M communication modules. These two companies will combine their core competencies with Novatel-developed CDMA modules (1X and Rev. A) and Cinterion form factor.
A typical mobile M2M messaging system establishes a wireless communications link to connect a group of devices to a computer server or another device for the purpose of transmitting data contained within those devices. Th...
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Ericsson Beats Estimates – Analyst Blog
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LM Ericsson Telephone Company (ERIC) reported earnings per share of 16 cents for the third quarter of 2009, exceeding the Zacks Consensus Estimate of 12 cents per share.
Net sales in the third quarter were SEK 46.4 billion ($6.6 billion). Sales in the quarter decreased 4% year-over-year for comparable units, i.e. excluding Ericsson Mobile Platforms, and decreased 12% adjusted for currency exchange rate effects and hedging. The third quarter last year was comparatively strong with no normal seasonality.
Sequential sales decreased 11%, negatively impacted by currency exchange rate effects, seas...
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