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Samsung Q1 earnings above expectations

Written by M. Hussein on April 25, 2008 – 10:54 pm

Motorola had truly bad results, Nokia wasn’t too great, but Samsung and Sony Ericsson are the stars from mobile world, with great earnings and good profits.

Today (I mean, yesterday, at Seoul, Korea), Samsung presented first quarter earnings, and in my perspective with a great outlook, with a good sales increase and beating estimates.

samsung_logo Samsung Q1 earnings above expectations

Yesterday (I really don’t know if I should say today or yesterday, but I am talking about the last market activity), Samsung shares rose by 4,5% to 690,000.000, with good results. As that, Monday might be a great day to the Korean Market with Samsung impulsing the whole market (Samsung have capability to conduct Korean market, as its company dimension and quantity of shares, just like LG), after earnings from liquid-crystal displays jumped to a record and profit from mobile phones surged to a four-year high. The company, whose chairman is stepping down after being charged with tax evasion and breach of duty, is projected by analysts to sustain growth as chip prices recover in the second half. Just look at the profit and look at the chairman situation :D Let me remind you that the Korean Index, KOSPI, reached new 3 month highs.

First-quarter net income rose 37 percent to 2.19 trillion won ($2.2 billion), Asia’s largest maker of chips, flat screens and mobile phones, said in a statement today. Profit and sales at the Suwon, South Korea-based company beat analyst estimates.

One analyst, from this journal, Forbes, had this information:

‘The first-quarter results are really impressive. I will revise my target price for the stock again, given the company faces better seasons ahead,’ said Song Myung-sub, an analyst at CJ Investment & Securities.

He upgraded his six-month target price for Samsung Electronics to 740,000 won from 610,000 won just a month ago.

I remind you, shares closed at 690,000.000.

Have nice and good investments and also a nice weekend.


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Posted in Motorola, Nokia, Reviews, Samsung | Comments

Motorola Q1 Earnings, Nokia’s Patterns and Apple

Written by Meraj Chhaya on April 24, 2008 – 10:47 pm

[Written by our financial expert, MH]

Finally we had Motorola Results, that were worst than what I was thinking of, and with that Motorola will probably continue going to lower levels.

Let me resume the story and tell you what really happened and why Motorola stocks (NYSE:MOT) didn’t fall more than 3%. and why they can tomorrow fall more than that.

In the first three months of 2008 Motorola said its loss widened to $194 million, or 9 cents a share, from a year-earlier loss of $181 million, or 8 cents a share. Sales dropped 21% to $7.45 billion from $9.43 billion.
Excluding one-time costs, Motorola would have lost 5 cents a share. On that basis, analysts were expected the company to lose 7 cents a share on revenue of $7.84 billion.
In the current second quarter, Motorola estimated it would lose 2 cents to 4 cents a share from operations, compared with Wall Street’s consensus prediction that the company would break even.
Motorola shipped 27.4 million wireless handsets in the first quarter, down from 40.9 million in the prior quarter and from its all-time high of 65.7 million in the 2006 fourth quarter. Wall Street was expecting the company to ship as many as 31 million.
The company’s global share has fallen to below 10% from nearly 23% in late 2006.
The handset division posted an operating loss of $418 million, compared with an operating loss of $233 million a year ago. The division lost $1.2 billion in all of 2007.
Mobile sales fell 39% to $3.3 billion from the year-ago quarter. The mobile unit accounted for just 44% of total sales, compared with as much as two-thirds of Motorola’s revenue just a few years ago.
EVERY THING FELL. Worst it couldn’t be, and I woudn’t be long on MOT stocks. The analysts’ reaction was truly bad, and Zacks Rank, the guys I follow have a Sell Rate to Motorola.
Today, Motorola shares didn’t fall much more mainly because all technological stocks were touching new relative highs, monthly or yearly highs as Apple, which made to day a very beautiful candle (on technical analysis).
But, in the other hand, Nokia also followed Motorola’s way touching new yearly lows at 28,28, but again doing the Doji Pattern (a pattern of recovering) as it done two days ago.
The THING right now that we need to watch is what Nokia will do, will their shares follow Motorola? Or, will they fight against the storm?


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Posted in Motorola, Nokia, Reviews, exclusive | Comments