Merriman Curhan Ford Comments on Wireless Technology Stocks After Nokia (NOK) Lowers Guidance

June 16, 2010 10:22 AM EDT Send to a Friend
Get Alerts NOK Hot Sheet
Price: $6.28 --0%

Rating Summary:
    17 Buy, 22 Hold, 7 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 14 | Down: 7 | New: 8
Trade NOK Now!
Join SI Premium – FREE
Merriman Curhan Ford comments on Wireless Technology stocks after Nokia (NYSE: NOK) (Not-rated) lowers guidance.

Merriman analyst says, "This morning, Nokia pre-announced its second quarter results. The company now anticipates revenue to be at the lower end or below its previously guided range of €6.7-7.2B. The revenue outlook is being impacted by the Devices and Services business where competitive pressures at the high end and a product mix shift. In particular, the N-Series continues to struggle, while the E-Series has performed in-line."

Merriman reiterates a 'Buy' rating on RF Micro Devices (Nasdaq: RFMD), Brightpoint (Nasdaq: CELL), COGO Group (Nasdaq: COGO), & Triquint Semiconductor (Nasdaq: TQNT).

You May Also Be Interested In

Related Categories

Analyst Comments

Related Entities

Merriman Curhan Ford

Add Your Comment