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NokiaCorp posts

Before the bell: NOK, NVS, Chrysler

Posted Oct 18th 2007 8:50AM by Barry Summerlin (RSS feed)
Filed under: Before the Bell, Nokia Corp. (NOK), Novartis AG ADS (NVS)

Main market news here: Futures flat ahead of earnings reports

Finland's Nokia Corp. (NYSE: NOK) -- with a global market share of 39 percent, the world's largest maker of cellphones -- posted third-quarter earnings nearly double earnings from Q3 2006, citing strong sales in Asia.

Swiss pharmaceutical giant Novartis (NYSE: NVS) posted weak earnings and disclosed forthcoming layoffs in the U.S. Novartis plans to cut 750 staff jobs, as well as ending relations with 510 contract sales representatives.

Reuters reported that Chrysler, still streamlining since its recent purchase by Cerberus Capital, could discontinue a number of models. The Wall Street Journal said models awaiting the hatchet include the Chrysler Pacifica, Dodge Magnum and the PT Cruiser.

Before the bell: BX, BRCM, NOK, AAPL, MAT

Posted Aug 8th 2007 9:00AM by Barry Summerlin (RSS feed)
Filed under: Before the Bell, Microsoft (MSFT), Apple Inc (AAPL), Nokia Corp. (NOK), Mattel, Inc (MAT), QUALCOMM Inc (QCOM), Texas Instruments (TXN), Broadcom Corp'A' (BRCM), Blackstone Group L.P (BX)

Main market news here: Before the bell: Cisco (CSCO) earnings boost futures.

The Blackstone Group (NYSE: BX) announced Wednesday morning that it has closed its latest fund, Blackstone Capital Partners V. The $21.7 billion fund is the largest buyout fund ever.

Broadcom Corp. (NASDAQ: BRCM) has added insult to injury in its rivalry with Qualcomm Inc. (NASDAQ: QCOM), following up a legal victory with news of a deal to supply chips to cell phone maker Nokia Corp. (NYSE: NOK), which is currently squabbling with Qualcomm.

In addition to the Broadcom deal and its continuing contract with Texas Instruments (NYSE: TXN), Nokia has also announced two new chip suppliers: Infineon Technologies (NYSE: IFX) and STMicroelectronics (NYSE: STM).

Apple (NASDAQ: AAPL) unveiled its new iMac on Tuesday, which features a slimmer, aluminum casing and a suite of software targeted at winning over users of Microsoft (NASDAQ: MSFT)'s Windows.

Mattel Inc. (NYSE: MAT) has named the Chinese manufacturer of almost 1 million Fisher-Price toys that it had to recall last week for possible lead paint.