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Business Wire (Mar 22, 2013)
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- All
- | Earnings
- | Dividends
- | M&A
- | On the move
- Monday, October 15, 2012, 3:29 AM ZTE shares plunge 15.1% in Hong Kong after China's second-largest telecom-equipment maker warns that it will make a Q3 loss of up to 2B yuan ($319.1M). ZTE blames a delay in some overseas deals and a large number of low-margin contracts in Europe, Asia and the domestic market. U.S.-listed shares on watch include ALU (-1.7% in Paris), ERIC (-0.85% in Stockholm), CSCO, JNPR,CIEN, MMI, BBND. (PR) Comment! [On the Move, Tech]
- Monday, July 16, 2012, 3:06 AM Despite hopes of additional stimulus, Chinese stocks fell heavily on earnings concerns; benchmark index -1.8%. In particular, ZTE Corp., China's second-largest telecom maker, fell by the daily trading limit of 10% after warning H1 profits may have declined as much as 80%. 1 Comment [Global & FX, On the Move]
- Tuesday, February 21, 2012, 4:23 AM Reliance Communications is reportedly in talks with four companies about a possible $3B contract to manage its mobile phone networks, with a finalized contract expected in the next six weeks. The four companies are said to be Ericsson (ERIC), Alcatel-Lucent (ALU), ZTE Corp. and Huawei Technologies. Comment! [Tech]
- Wednesday, January 18, 2012, 3:52 AM Samsung may not be interested in buying Research In Motion (RIMM), but RIM could still be an attractive target to other Asian smartphone makers looking for a way to better compete against Android. Possible suitors include LG Electronics (LGEAF.PK), HTC and ZTE, which don't have their own platforms. Comment! [Tech, M&A]
- Friday, November 18, 2011, 4:33 AM The House's intelligence committee will investigate security threats posed by Chinese telecom infrastructure companies such as Huawei and ZTE (ZTCOF.PK). With concerns intensifying about China's cyber espionage, panel Chairman Mike Rogers warned U.S. firms not to use Huawei "until we can fully determine their motives." Comment!
- Tuesday, August 30, 2011, 9:48 AM France's Bull and China's ZTE (ZTCOF.PK) are among the foreign firms that provided equipment for Libya's internal spying ops, the WSJ reports. Boeing's (BA) Narus held talks with the regime shortly before the uprising but backed out on concerns about its reputation. Comment! [Tech, Global & FX]
- Monday, February 14, 2011, 8:30 AM Chinese manufacturer ZTE Corp. (ZTCOF.PK) sets its sights on the smartphone market, promising devices that will cost as little as $100. Rapidly rising ZTE, now the world’s fifth largest handset manufacturer, will also focus on tablets. Comment! [Tech]
- Thursday, December 2, 2010, 12:57 PM Nomura Securities initiates coverage of Motorola (MOT) and Research in Motion (RIMM) with a Reduce rating and Neutral rating, respectively. In the smartphone wars, Nomura claims Motorola will be squeezed by Apple (AAPL) in the U.S. And RIM is losing market share rapidly, and probably will be hammered on margins, too. 1 Comment [Tech]
- Tuesday, January 26, 2010, 5:28 PM Neil George recommends a look at four companies involved in different aspects of the developing 4G network: Powerwave (PWAV), Radvision (RVSN), Allot Communications (ALLT) and ZTE Corp. (ZTCOF.PK) Comment!