Takeover Speculation Drives Shares in Communications Equipment Industry
The Bedford Report Provides Equity Research on Nokia & LM Ericsson
(firmenpresse) - NEW YORK, NY -- (Marketwire) -- 08/16/11 -- Tech stocks made a significant jump to kick of the week as the Google's acquisition of Motorola Mobility led to a surge in takeover speculation. As companies get larger and experience diminishing returns in their core business, they are showing willingness to utilize their large resource pools to acquire smaller firms in a race to diversify and to build their reach. The Bedford Report examines the outlook for the Communications Equipment Industry and provides equity research on Nokia Corporation (NYSE: NOK) and LM Ericsson Telephone Co. (NASDAQ: ERIC). Access to the full company reports can be found at:
Yesterday Google announced it will pay $40 a share in cash for Motorola Mobility Holdings -- a 63 percent premium to the closing share price last Friday -- in what analysts described as a typically "aggressive" move by the web search giant. The deal also includes a patent portfolio, something some analysts see as a big prize in the deal as Google tries to bolster its patent holdings.
The news caused a noticeable surge in trading volume throughout the industry -- Both Nokia and LM Ericsson traded at nearly 4X their respective average volumes.
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While the secular shift towards smartphones has created major market opportunities, it has also created a large amount of competition. The global mobile phone market grew 11.3% in the second quarter and companies all throughout the economy are competing for market share. As competition heats up, clear winners and losers have emerged. Nokia Corp., for example, lost a fifth of its market share in a single year, though it still remains the number one handset maker.
Last month Stockholm-based Ericsson said net profit rose to 3.12 billion Swedish kronor ($484 million) for the three months to June 30, with sales up 31% year on year, as demand from telecom operators for mobile broadband services surged, driven by the increasing popularity of smartphones, such as Apple Inc.'s iPhone.
The Bedford Report provides Market Research focused on equities that offer growth opportunities, value, and strong potential return. We strive to provide the most up-to-date market activities. We constantly create research reports and newsletters for our members. The Bedford Report has not been compensated by any of the above mentioned publicly traded companies. The Bedford Report is compensated by other third party organizations for advertising services. We act as an independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at
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Datum: 16.08.2011 - 12:16 Uhr
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