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.

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Mixed 1st-period results are expected for telecommunications-gear makers

Article Abstract:

The telecommunications equipment industry is expected to turn in mixed results for 1st qtr 1996, as anticipated revenue associated with passage of the Telecommunications Act fails to materialize. Despite the significant media attention paid to the Telecommunications Act and the numerous hopeful statements from telecommunications executives, communications equipment manufacturers have yet to receive a substantive increase in purchase orders. Analysts suggest that telecommunications companies are busy formulating their procurement and overall marketing plans and that telecommunications vendors may not see increased revenue until late 1996.

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Motorola profit advances 29%; revenue, 13%: excluding special charge, results meet consensus of analysts' estimates

Article Abstract:

Motorola announced third-qtr 1997 earnings of $266 million, or 44 cents a share. The report includes a one-time $95 million charge, or 10 cents a share. Motorola would have earned $328 million, or 54 cents a share, which would be consistent with analyst projections of 53 cents a share. The earnings represent a 29% increase over third-qtr 1996, which reported $206 million, or 34 cents a share. Third-qtr 1997 revenue jumped to $7.4 billion, up 13% from $6.5 billion in 1996. Net income for fourth qtr 1997 will exceed 1996's $238 million, or 39 cents a share, but Motorola CEO Christopher Galvin expects a sales slowdown from the third period's rate. Motorola reported a 35% surge in chip orders to $2.1 billion, plus 13% growth in cellular-phone handsets and infrastructure orders to $2.8 billion. Paging sales dipped 13% to $885 million, while orders dropped 44%.

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