Device Arena

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All numbers are preliminary and unaudited.

Ericsson expects sales of SEK 43.5 b., an operating income of SEK 5.6 b. and a cash flow of SEK -1.6 b. for the third quarter 2007. This is below the company’s own as well as current market expectations and primarily a result of an unexpected shift in the business mix.

"The unexpected development in the quarter is mainly due to a shortfall in sales in mobile network upgrades and expansions which resulted in an unfavorable business mix that also negatively affected Group margins," said Carl-Henric Svanberg, President and CEO of Ericsson. "All other businesses performed as expected. The effect of market dynamics is always a matter of judgment. This quarter we have underestimated the effects."

Ericsson’s networks business continues to develop most rapidly in regions where new network rollouts and break-in contracts are predominant. This is where competition is intense as it builds footprint for long-term profitable growth. So far the margin pressures from these business activities have been offset by higher margin sales such as network expansions and upgrades. Such expansions and upgrades have a short sales cycle and builds during the quarter.  This quarter, sales of these higher margin offerings did not materialize as much as in previous quarters. High margin software sales are also lower than normal.
 
The Professional Services segment continues to show b growth and stable margins. The Multimedia segment is expected to also show a b growth with operating income slightly above breakeven level, reflecting the continued investments in new business areas.
 
"In infrastructure scale is critical for success. Our strategy to regain scale advantage through increased mobile systems market shares has been effective. The present market dynamics are however working to our disadvantage from a short-term financial perspective. Now that we have reestablished our scale advantage from the pre-industry consolidation we will shift our focus slightly and capitalize on our market share gains," said Carl-Henric Svanberg

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Q3 Highlights:

• Year-on-year volume growth of 31%
• Continued volume growth driven by profitable lower priced phones
• Good market reaction to new slider form-factor of W580 Walkman® phone
• Successful launch of Sony Ericsson P1 smartphone
  

The consolidated financial summary for Sony Ericsson Mobile Communications AB (Sony Ericsson) for the third quarter ended September 30, 2007 is as follows:

Units shipped in the quarter reached approximately 26 million, a 31% increase compared to the same period last year. Sales for the quarter were Euro 3,108 million, representing a year-on-year increase of 7%. Income before taxes for the quarter was Euro 384 million, representing a year-on-year decrease of 11%, which reflects the exceptional third quarter the company experienced in 2006. Net income for the quarter was Euro 267 million. In line with Sony Ericsson expectations, the increase in low- and mid-tier priced phones in the product portfolio in the third quarter resulted in a decline in Average Selling Price (ASP) to Euro 120. 

“The quarter has seen Sony Ericsson continue to generate significant year-on-year volume growth with a portfolio of products spread across the widest variety of price points in the company’s history. Low- and mid-tier priced models such as the W200 Walkman® phone and simple ‘talk and text’ range of phones have been key volume drivers during the quarter, while the high-spec P1 smartphone and W580 slider Walkman® phone have been well received and strengthen the portfolio at the higher-end,” said Miles Flint, President of Sony Ericsson. “We are confident that the remainder of the year will see us further capitalize on this new broader portfolio with flag-ship Walkman® phone models such as the W910 and W960 plus the much anticipated 5 mega-pixel Cyber-shot™ K850 camera phone launching in time for the holiday season.”

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Nokia will publish its third quarter financial results on Thursday October 18, 2007, at approximately 1 pm Helsinki time (CET +1).

The press release will be available on the Nokia website immediately after publication.

High Tech Computer Corp. announced that revenues for September 2007 totaled NT$ 10,551 million, up 18.73 % YoY. The Year to date revenue of 2007 reached NT$ 79,570 million with 4.20 % year-on-year increasing.

The company also announced its self-assessed revenues for Q307 totaled NT$ 29,108 million, increase 10.44 % YoY. Self-assessed net incomes before tax were NT$ 8,026 million, self-assessed net incomes after tax were NT$7,384 million, and self-assessed after tax earning per share of Q307 were NT$12.88 based on the current 573,134 thousand outstanding shares.