Russian mobile firms seek new outlets as growth slows

Article Abstract:

OAO Mobile TeleSystems and Vimpel-Communications of Russia have both seen a 20 percent drop in average revenue per user and profit margins are down as the cell phone market is becoming increasingly saturated. Nationwide market penetration is greater than 60 percent and forecast to increase to 80 percent by the end of the year. Stocks for both companies have climbed by 50 percent over the past 18 months, OAO Mobile TeleSystems was up 43 cents to $31.87 and Vimpel-Communications was up 25 cents to $34.00 yesterday on the New York Stock Exchange.

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Climbing Foxconn shows signs of more growth spurts to come

Article Abstract:

Foxconn International Holdings of Hong Kong posted a 79 percent rocket in share price since the wireless phone giant's initial public offering of February 3rd, 2005. Foxconn International Holdings is valued at $6.1 billion United States Dollar, revenue tripled to $3.3 billion United States Dollar last year and the company is forecast to become the world's biggest manufacturer of mobile phones.

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UBS profit slips by 1% on weakness in stocks

Article Abstract:

UBS AG profits down slightly for Third Quarter but bank is optimistic for future.

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