Ericsson profits dip as Marconi weighs on results
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Ericsson, the world's biggest supplier of mobile telecommunication systems, has reported a slight drop in second-quarter net profit as the acquisition of British group Marconi in 2005 continued to weigh on earnings.
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U.S. power company Scana Corp. SCG.N  on Friday said quarterly profit fell, citing litigation costs  and a writedown related to an investment in a  telecommunications business.
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Swedish telecommunication equipment maker Ericsson on Friday reported a gain in second quarter net earnings but its sales performance fell short of market expectations.
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Ericsson, the world's largest  supplier of equipment for mobile phone networks, reported  fourth-quarter earnings below expectations on Friday and  reduced its 2007 market growth forecast.
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Motorola&#39;s mobile-phone business continued to lose its signal in the fourth quarter, dragging the company&#39;s revenue and profit down.
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Profits continue to drop despite strong sales of Palm's Treo smartphone.
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German phone giant Deutsche Telekom sees annual profits fall, following tough competition and lower prices.
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U.S. power company Scana Corp SCG.N  on Friday said quarterly profit fell, on litigation costs and a  writedown related to an investment in a telecommunications  business.
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Cell phone maker Motorola Inc. on Wednesday warned of a second-quarter profit and sales shortfall, blaming poor results in its mobile devices business in Asia and Europe. The company also said it no longer expects mobile devices &#151; its largest business &#151; to be profitable in 2007.
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Texas Instruments Inc  posted a 10 percent rise in quarterly profit on Monday, but gave a disappointing revenue forecast due to the loss of some business at customer Ericsson, sending its shares down as much as 4 percent.
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com. AT&amp;T Wireless announced a drop in sales and profits, as it moved closer to its planned acquisition by Cingular Wireless. The firm earned $117 million on revenues of $4.
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The contract electronics manufacturer posted a 90 percent drop in quarterly net profit, but earnings excluding special charges were higher than expected.
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Mobile service provider Cingular  Wireless, which is buying AT&T Wireless Services  Inc. AWE.N,  said on Wednesday third-quarter operating profit fell on merger  expenses and increasing costs for signing up new customers.
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Lucent Technologies Inc.  on Wednesday posted lower quarterly earnings and disappointing sales despite improved demand for wireless network products, and the telecommunications gear maker's shares fell.
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Ericsson  missed market forecasts for second-quarter earnings as its multimedia drive produced disappointing results and sales in its key European market stagnated, sending its shares down 3 percent.
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Cell phone maker Motorola Inc. on Wednesday said net profits fell sharply in the fourth quarter, and it warned that the recovery in its struggling handset unit will take longer than expected.
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Ericsson (ERICb.ST), the world&#39;s  biggest mobile network maker, reported softer-than-expected  second-quarter earnings on Friday but said the company  continued to outperform the market.