Qualcomm increased its FY3Q earnings forecast by almost 9%, due to higher-than-expected sales and better than expected ASP for CDMA devices. Lehman Brothers increased its estimates by 1.5% in 2008 and 1.7% in 2009.
Oppenheimer has lowered its estimates on Nokia with EPS down 7.5% both in 2008 and 2009.
Huawei forecasts its APAC orders would reach $3.9bn in 2008 (up 56%).
In a new note from Global Crown Capital, we can read that main operators in the US are far from enthusiastic on Motorola' s new model range. But Motorola's market share in the US (about 25%) is critical to its survival. In addition, competition increases pressure on price and margins and new comers, such as Apple, RIM or HTC, will have some impact on Motorola' s business. A rumor circulates on a potential downgrade by financial analysts of its credit ratings, making yet its life more difficult.