Seeking Alpha

European tech and telecom stocks are underperforming as continental equities sell off on Italian...

European tech and telecom stocks are underperforming as continental equities sell off on Italian concerns. STM -3.9%. ALU -2.3%. NXPI -1.4%. FTE -4.3%. TEF -2.1%. TI -4.3%. VOD -1.7%. One exception is Nokia (NOK +0.3%), which is benefiting from an upgrade to Buy from Swedbank.
Comments (6)
  • ALU has been under performing for quite awhile... Italians or not.
    27 Mar 2013, 10:58 AM Reply Like
  • I wish NOK still +0.3%
    27 Mar 2013, 11:07 AM Reply Like
  • ALU's story is a strange story
    it does not matter what happens, it goes down
    the CAC is going up, ALU is going down
    good news are out, ALU goes down
    many new contracts, ALU goes down
    All of a sudden, ALU goes up a few days in a Raw 30 35% up
    then the Saga continue
    the market is down, alu is down
    the market is up, alu is down
    Ceo resign, alu is down
    new Ceo is hired, Alu is down
    it is a big game, and the big players are making tons of cash while we small investors are loosing our shirts
    27 Mar 2013, 11:36 AM Reply Like
  • let us forget this week, this time of the year (pass over and eastern) most stocks goes down
    let us see what will happen next week
    27 Mar 2013, 11:39 AM Reply Like
  • There is always next week hey serge9? You summarized the ALU story well. New CEO buys them more time but patients is wearing thin. Some dramatic news or earnings surprise up would restore faith.
    27 Mar 2013, 01:34 PM Reply Like
  • If the Mafia runs Italy, why would anybody worry about them?
    27 Mar 2013, 11:49 AM Reply Like
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