The European technology sector is moving downward decided today, in the wake of U.S. futures foreshadowing a tough session on Wall Street. Among individual stocks, slip Ericsson (-6.67%), Dassault Systemes (-4.24%), SAP (-4.21%), Alcatel (-3.74%), Infineon (-3.22% ). Down even ASML Holding (-2.80%), Siemens (-1.63%) and Nokia (-1.51%).
Seat of suffering for the titles of the Scandinavian mobile handset, hit by declines generalized scored this morning by the sector of technology stocks. On the Helsinki Exchanges under the giant Nokia marks a decrease of 3.19%, passing from hand to 13.55 euros, while rival Ericsson marks the Stockholm Stock Exchange a slope of 1, 54% to 6.4 Swedish kronor.
Tags: Ericsson, euro, euros, exchange, mobile, Nokia, stock, stocks, Swedish
slip into even the smallest Session titles European technology sector in the wake of bad news came from across the ocean. The worst performance is recorded by Kudelski (-6.70%), Nokia (-4.96%), Business Object (-4.03%) Ground Network (-2.76%), Ericsson (-2.50% ) and Infineon (-1.82%), while moving upward actions Arm Holdings (+4.55%), Infogrames (+3.32%), Sage Group (+3.04%), Wanadoo (+ 2.67%) and T-Online (+2.64%).
Click forward for the Italian-French. The launch of Nokia is bound ion soothe a little ‘the sky throughout the technology sector after the debacle yesterday. STM is thus gaining more than 3% with the title as it approaches a height of 23 euros. Well also the investor Finmeccanica: +1.2% to 0.704 euros.
Nokia manages to avoid the sell-off today only because of the closure of the Finnish stock market. There is no escape but for other titles in the industry at European level, suffocated by sales after the bad end of the run NASDAQ. Among the titles on the DJ EuroStoxx Technology, the worst are Equant (-7.54%), Asm Internaltional (-7.25%) and Infogrames (-6.50%). Even bad Alcatel (-4.08%), Getronics (-3.89%), Wanadoo (-3.88%), Cap Gemini (-3.58%) and ASML Holdings (-3.49%). Red below STMicroelectronics (-1.99%), Dassault Systemes (-1.38%), SAP (-1.28%), T-Online (-1.04%) and Infineon (-0.41%), . In contrast only Business Objects (+2.06%).
Tags: business, euro, euros, Lev, market, nasdaq, Nokia, stock, stock market, Wanadoo
Today the European market may perceive the now famous domino effect triggered by finalndese Nokia, the world leader in mobile telephony, which has revised downwards its estimates on TOPSELLER for the next quarter. News that affects not only the manufacturers of mobile phones but also the companies that produce the necessary technology. Among the producers point out the red mark of Germany’s Siemens, which leaves on the ground for 1, 02%, and the French company Sagem, which loses the Paris stock exchange on 1, 15%. Alcatel also hurt that leaves at ground level from 2.75%. It continues the descent of the titles of smart card manufacturers, the core of every mobile phone today Gemplus loses 1, 89% and worse is Oberthur Card with a decrease of 6.89%.
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Morgan Stanley lowered its price target on Nokia to 12 euros, lowering their estimates of earnings per share over 2002 and 2003, respectively 5% and 9%. According to the American investment bank, the quarterly update any consolation in the short term but at the same time confirms the company’s difficulties in increasing market shares and prices on mobile phones. Right now, Nokia is losing in Helsinki on 6% to 13.26 euros.
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“I do not think today’s price rise will last very Italian,” said Alberto Ieralla, Infochart technical analyst, who added: “The movement today, led by Nokia, has the feel of a pull-back (movement against the main trend remains bearish in this case) with a target share 29,510 points for the Fib 30 and 21,700 points for Mibtel, where the two graphs meet their gap-down, which would be closed. As regards the future, the area in question is the one where he spends the least touched on in September, which now serves as resistance. E ‘Interestingly, “concludes the analyst,” as this year the Fib 30 has reached its highest relative on the occasion of previous Nokia data (results, incidentally, lower than expectations), before falling to current levels, by which is bouncing their giant Finnish data (results, too, below expectations). In the first case were not discounted and the market reacted with a wave bearish, in this case I think so. That is why Nokia is both the market while bouncing, should have the breath.
Back to the enthusiasm in the markets and in particular on the Milan Stock Exchange with the Mibtel rising 1, 23%, despite Nokia has published the results slightly below expectations. The spotlight of the Milan stock exchange for Fiat are all going up by over 5% after the CEO of the Group of Lingotto has resigned. Eni also in high dusting, general and Ras. Very well Telecom, Olivetti, Bipop and Sanpaolo-Imi. Back to the interest also Basicnet that has been suspended for excessive increases. Slightly downward, instead, Seat and Monte dei Paschi.
Fly on the Helsinki Exchanges under the finlandee Nokia, after this morning the company announced results for the first quarter. The market seems to accept the confirmation of previous estimates of the benefit per share and the estimates are not too disappointing sales of mobile phones for the second quarter. Previsisoni also quite positive for the networking industry, once an Achilles heel of the company, which should confirm its growth. Title Nokia marks an increase of 7.44%, passing from hand to 14.3 euros.
Tags: company, euro, euros, exchange, Finland, market, mobile, Nokia