Nokia meets on Profit, beats
on Revenue
Very decent results, Network Business revenue still declined
(-6% this quarter vs. -14% last quarter) but overall revenue
declined about 2%. The Technology division sales increased 25% YoY,
this is still a very small part of the overall revenue, but it has
great potential for the very long term. In sharp contrast
Ericsson's Network revenue declined 13%.
The heavy lifting is behind them, it should incrementally
improve, as should the share price. If I am correct that the
worst is behind them, the dividend should be safe.
I also believe that this report proves that Nokia is fending off
Huaweii much better than Ericsson can. That is not to say
there isn't any pressure from Huaweii, but it is holding its
own.
finance.yahoo.com/ne...9.html
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