CSFB cut its estimates on Ericsson following Sony Ericsson’s profit warnings.
Lehman Brothers raised its price target on Qualcomm by 6% to $55.
Sony Ericsson warns lower 2Q sales and net income as demand is slowing and new products launch would be delayed.
Megafon (Russia) reports 1Q08 net profit of nearly $400m (+51%) on revenues of $1.6bn (+29%). EBITDA rose 32% to $809m, while the EBITDA margin was over 50%.