Pre-Market Price/Volume Alert: Nokia, Ericsson, Qualcomm (NOK, ERIC, QCOM, BRCM, TXN)

Posted in General, pre-market 
November 14th, 2008

Nokia (NYSE: NOK) has issued another warning on its sales due to the weak consumer, buying of cheaper phones, holding phones longer and more…..  Nokia shares are down 12% at $12.37 pre-market, down from ayearly high of about $40.00.  If this price holds it will mark a 52-week low.  We have already seen over 2.8 million shares trade as of 8:35 AM EST.

LM Ericsson Telephone (NASDAQ: ERIC) is also getting spanked along with Nokia.  We have seen over 650,000 shares trade and the stock is down 9% at $6.48.  Its 52-week low is $6.05.

QUALCOMM (NASDAQ: QCOM) is also down in sympathy.  Shares are down almost 4% at $33.50, but the trading volume is rather thin.

Broadcom (NASDAQ: BRCM) and Texas Instruments (NYSE: TXN) also make chipsets and more for inside of the phones.  Broadcom is down 2.5% at $15.93 and TI is indicated lower but has not traded.

JON OGG

NOV. 14, 2008 (8:35 AM EST)

Comments are closed

-->