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Stock Market & Financial Investment News

News Breaks
August 20, 2014
05:20 EDTVOD, ERICEricsson to upgrade Vodafone Australia network
Vodafone (VOD) Hutchison Australia, or VHA, has chosen Ericsson (ERIC) as a sole supplier to replace and upgrade the complete core network for their national network. With the latest core technology, including Ericsson's solutions for Evolved Packet Core and IP Multimedia Subsystem, or IMS, policy control and circuit-switched core, VHA will further enhance network robustness, performance and resiliency. Ericsson will provide integration services for voice and packet core that will support VHA to transform its operations business and enable a more enriched customer offering. Over the period of the 5 year agreement Ericsson and VHA have committed to fully virtualize their core network.
News For ERIC;VOD From The Last 14 Days
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April 24, 2015
08:13 EDTERICEricsson disappointing revenues due to North American weakness, says Cowen
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07:52 EDTERICEricsson shares should be bought on weakness, says Bernstein
Bernstein says that Ericsson's results were disappointing. The firm says the company's gross margin miss was driven by its ongoing litigation with Apple (AAPL) and a decline in U.S. software revenues and higher sales in China. The firm says the negative reaction in the stock was overdone and it keeps an Outperform rating on the shares.
April 23, 2015
05:29 EDTERICEricsson expects pace of 4G deployments in China to continue
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05:29 EDTERICEricsson reports Q1 net income SK1.5B vs. SK1.7B last year
Reports Q1 sales SK53.5B vs. SK47.5B. Reports Q1 operating margin 4% vs. 5.5% last year. Significant currency movements impacted sales positively. Gross margin decreased YoY to 35.4% (36.5%), due to lower capacity business in North America and continued fast pace of 4G coverage deployments in Mainland China, increased restructuring charges and a higher share of Global Services sales.
April 20, 2015
05:26 EDTERICEricsson announces collaboration with Intel security
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April 19, 2015
17:27 EDTVODIndia asks Vodafone to re-evaluate tax returns, Reuters says
The Indian tax authority has issued a notice to Vodafone asking for a re-evaluation of its 2009 and 2010 tax returns, reports Reuters, citing news channel ET Now. Reference Link
April 15, 2015
07:46 EDTERICEricsson, Juniper in focus for deals after Nokia-Alcatel tie-up, Bloomberg says
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April 14, 2015
11:55 EDTERICCommunication equipment stocks active after potential Nokia-Alcatel deal
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10:16 EDTERICHigh option volume stocks
High option volume stocks: NSAM ALU CJES BIG CMRX ERIC NTAP TMO KN CIG
05:51 EDTERICNokia confirms 'advanced discussions' to buy Alcatel-Lucent
Nokia (NOK) said in a statement, "In relation to recent media speculation Nokia and Alcatel-Lucent (ALU) confirm that they are in advanced discussions with respect to a potential full combination, which would take the form of a public exchange offer by Nokia for Alcatel-Lucent." Nokia cautioned that there "can be no certainty at this stage that these discussions will result in any agreement or transaction." The statement comes after Bloomberg reported yesterday afternoon that Nokia was in advanced talks to buy Alcatel-Lucent's wireless assets to better compete with Ericsson (ERIC) in telecommunications equipment. Shares of Nokia are down 65c to $7.65 in pre-market trading while Alcatel-Lucent is up 22c to $4.57.
April 13, 2015
15:06 EDTERICNokia in advanced talks to buy Alcatel wireless assets, Bloomberg says
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14:57 EDTERICEricsson trades higher after report of possible Alcatel-Lucent-Nokia deal
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05:31 EDTERICEricsson announces joint initiative with Scania and Sweden's RIT
Ericsson has announced that it is to join forces with Scania and Sweden's Royal Institute of Technology in their Integrated Transport Research Lab to explore the transport solutions of the future. The joint initiative, which will explore areas such as autonomous buses and improved systems for traffic management, forms part of the "5G for Sweden" program that was announced in March. The ITRL Lab is set to run until the end of June 2021.

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