Analyst Corner: CSFB lowered by 10% ATT' share price to $34, due to wireline concerns. RBC lowered ALU price by 40% to $3, due to economical slowdown and credit crisis; ALU share price is down 60% from January 1. Ericsson price was also cut by 25% by RBC, while it cut Nortel' s price target by 50%.
Most telecom vendor were hit on last Monday: Nokia lost 6%; Motorola was down 8% and hit its lowest level since 1992; RIM lost 2%; Qualcomm fell 1.5%;
HTC reports a 3Q08 net profit of $220m (-5%) on revenues of $1.2bn (up 30%).