Sharing deals threaten makers of telcom gear; Operators will spend less on 3G networks

Article Abstract:

This article discusses the financial outlook for mobile network manufacturers such as Ericsson, Nokia and Nortel. Telecommunications operators will spend less for third generation mobile network equipment by sharing the costs of the new infrastructure.

United States, Canada, Forecasts, trends, outlooks, Sweden, Communications Equipment, Statistical Data Included, Nortel Networks Corp., NOK, NT, Telefonaktiebolaget LM Ericsson

Nokia's 2nd-quarter net jumped 59%

Article Abstract:

Nokia Corp. posted a 59% improvement in its net income for the second-quarter of 1999. The company's net income was helped by mobile telephone sales. Nokia said that its overall revenues could go beyond its target for the 1999 year. The maker of mobile phones posted 581 million euros in net income for the period. During the same period in 1998, Nokia posted 365 million euros. The company's total revenues reached 4.49 billion euros, a 45% improvement.

Comment:

Posts 59% improvement in net income for second-quarter of 1999

Nokia's increase in market share may aid earnings

Article Abstract:

Nokia Corp. is expected to post an increase of 74% in its pretax profits for the first-half of 1999. According to analysts, Nokia most likely gained market share and strengthened itself as the leading manufacturer of mobile handsets in the world during the second-quarter of 1999. Nokia however, is not expected to maintain the nearly-twofold growth in pretax profits that it saw during the first-quarter due to a slowdown in network sales.

Comment:

Expected to post increase of 74% in pretax profits for first-half of 1999