TeliaSonera, reporting strong quarter, expects mobile phone struggle
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Swedish-Finnish telecommunications operator TeliaSonera reported better-than-expected fourth quarter operating results and announced an ambitious cost-cutting plan to meet increased competition in the mobile phone sector.
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The telecom's results can't quite connect with Wall Street's expectations.
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Analysts take guesses on how the Google phone will operate.
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Telekom Malaysia, the country&#39;s biggest telecoms group, said that it will list its mobile phone operations separately next year in what is expected to be one of the country&#39;s biggest initial public offerings.
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Palm Inc , maker of the Treo smartphone, on Wednesday posted a quarterly revenue estimate that missed expectations as competition increased from rival devices like Apple Inc's  iPhone.
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Company has another tough quarter despite a good market for drillers.
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SANTANDER, Spain  - Vodafone  sees glowing  prospects for its position as Spanish market leader in  third-generation (3G) mobile phone services, with 60 percent of  its new customers opting for net-friendly handsets, more than  overall market leader Telefonica .
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Motorola Inc  expects a  challenging year, with recovery in its money-losing mobile  devices business taking longer than expected, Chief Executive  Greg Brown said on Wednesday.
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Nordic telecommunications operator TeliaSonera AB on Friday reported an 11 percent rise in its fourth-quarter net profit, but said it would slash 2,900 jobs, or 9.3 percent of its work force, to cut costs.
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Motorola Inc. , the world's second-biggest maker of mobile phones, expects the first half of 2007 to be "rocky" before improving in the second half, Chief Financial Officer David Devonshire said on Wednesday.
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Swedish-Finnish telecom operator TeliaSonera, the largest in northern Europe, said its profits doubled in the second quarter as operations improved across the board.
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Finland plans to sell as much as 1.37 billion euros ($1.83 billion) worth of shares in TeliaSonera AB, the Nordic region s largest phone company, as part of the country s program of stock sales to reduce debt.
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VANCOUVER (CP) - Strong performance by the mobile phone business at Telus Corp. helped the country&#39;s second-biggest phone company boost its 2004 earnings forecast and set an even bigger target for next year.
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(InfoWorld) - Two days after it restructured operations, MotorolaÂ on Thursday reported that flagging sales of mobile devices were a factor in its second-quarter loss of $28 million, or $0.01 per share. The telecommunications device maker posted income of $1.38 million, or $0.55 cents a share, one year earlier. Revenue declined by 19 percent to $8.73 billion from $10.82 billion one year earlier. The drop was expected: Motorola issuedÂ preliminary financialsÂ last week, warning that its results would be lower than had been forecast. The company said Thursday that excluding one-time costs, it would have earned $0.02 per share. Analysts surveyed by Thomson Financial, who revised estimates lower after last week's warning, were forecasting break-even results on sales of $8.64 billion. Layoffs and other one-time charges were responsible for losses amounting to $0.04 per share. But the loss for the quarter underscores the company's beleaguered mobile device business, which has been outflanked by rivals including Apple. The pressure will continue. Motorola announced that it expects earnings in the third quarter to be equal to or slightly higher than the second quarter, and that its mobile devices unit will probably not be profitable this year. The company saw a drop in mobile device sales in Asia, a hot market where vendors are trying to get a big share of the market in fast growing economies, as North American and European markets become saturated with mobile phones. Motorola has taken steps to address its problems. The vendor announced Tuesday that it's restructuring into three business divisions: Mobile Devices, Home and Networks Mobility, and Enterprise Mobility Solutions. It also has a new chief of its mobile unit, Stu Reed. Motorola CEO Ed Zander has beenÂ under pressureÂ to resign. He attracted criticism from big-name investor Carl Icahn earlier this year, and recently has been attacked by activist shareholder Eric Jackson for the way he's running the company. Although Motorola has taken steps to cut costs, a core challenge for the company is product design in the competitive handset arena. ItsÂ Razr deviceÂ was praised for its design, but in a fast-paced market quickly became an also-ran, under a barrage of products from rivals that in addition to Apple include Nokia, Samsung Electronics, and LG Electronics. Despite expecting mobile phone sales to be under increasing pressure, Motorola did say that it expected its overall financial results to improve during the second half of the year. Thursday morning, Motorola shares were trading at $18.18, up $0.18 from its opening. Â
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Swedish-Finnish telecom operator TeliaSonera, the largest in the Nordic countries, is the target of investment funds attracted by the company's strong balance sheet and low valuation.
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Alcatel-Lucent reported higher sales but a net loss for the fourth quarter due to a big writedown in its CDMA (code division multiple access) and IP (Internet protocol) multimedia services businesses.The company said revenue rose 18 percent to &#8364;5.2 billion on the back of strong performance at several of its major business units. But despite the stronger sales the company saw its net profit plunge into the red to the tune of &#8364;2.6 billion. This was largely due to the &#8364;2.5 billion writedown.Its wireline and wireless carrier business was strong and revenues were &#8364;3.7 billion in the quarter against &#8364;3.2 billion during the same period a year earlier. The company benefited from strong growth in carrier-type optical networking, and the GSM (Global System for Mobile Communications) and WCDMA (Wideband CDMA) sectors. Broadband access revenue fell on the back of a decline in the number of DSL lines delivered.Revenues were up 27 percent in the services business to &#8364;1 billion after the company won large network operations contracts and worked on IPTV and IP network integration projects. Its enterprise business segment saw revenues of &#8364;435 million, up about 4 percent, thanks to strong momentum in Europe and Asia.The report came with bad news for investors. The company suspended its dividend payment for 2007 &quot;in the light of these results and or a more uncertain market outlook,&quot; it said.&quot;We just thought very plainly that it was good financial discipline looking at both our net income in &#39;07 and the very tough macroeconomic environment,&quot; said Hubert de Pesquidoux, chief financial officer, on a conference call.CEO Patricia Russo warned that the company doesn&#39;t have a positive short-term outlook, particularly with a looming recession in the U.S. given Alcatel-Lucent&#39;s dependance on business there.&quot;There is a level of uncertainty ... that leaves a lot unknown,&quot; Russo said.Despite interest in IP networking and 3G broadband services, growth over the next year is likely to be flat or just slightly up, Russo said. Taking into account currency differences, the market will likely be down, she said.Some customers are also pursuing network-sharing arrangements, which could affect how much those companies spend on their own infrastructure, she said.Russo defended the&#160;2006 merger of Alcatel and Lucent&#160;and said the company is still trying to reduce costs. So far, about 6,700 employees have been let go in&#160;a restructuring plan&#160;that will shed a total of 12,500 employees, she said.
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The electronics retailer has a tough quarter, as expected.