Nokia Corporation (ADR) (NYSE:NOK) and Japanese telco giant NTT Docomo are working together on research and standardization of 5G technologies. The companies announced they will work jointly on a 5G proof-of-concept (PoC) system, building on a memorandum of understanding that the companies signed earlier this year to research future radio access experimental systems. Nokia Corporation (ADR) (NYSE:NOK) net profit margin is -8.70% and weekly performance is -2.01%. On last trading day company shares ended up $7.30. Analysts mean target price for the company is $8.07. Nokia Corporation (ADR) (NYSE:NOK) distance from 50-day simple moving average (SMA50) is -2.36%.
French network-equipment maker Alcatel Lucent SA (ADR) (NYSE:ALU) reported on Friday that it managed to reduce its first-quarter net loss, spurring confidence among investors that Chief Executive Officer Michel Combes’ three-year turnaround plan is likely to succeed. The company announced its net loss for the first quarter fell to 73 million euros, compared to 353 million euros a year ago, as a result of its cost cutting program and the reduction of unprofitable contracts. The company’s gross profit margin rose to 32.3% from 28.2% in the comparable period a year earlier. Alcatel Lucent SA (ADR) (NYSE:ALU) shares advanced 2.55% in last trading session and ended the day on $4.02. ALU Gross Margin is 32.20% and its return on assets is -7.80%. Alcatel Lucent SA (ADR) (NYSE:ALU) quarterly performance is -10.07%.
QUALCOMM, Inc. (NASDAQ:QCOM) announced that it will establish Qualcomm Retail Solutions, Inc. as a standalone company. The new establishment will be known as Gimbal, Inc. As of now, it is an existing subsidiary of Qualcomm Technologies, Inc. The company has signed a definitive agreement with a third party investors to establish retail solution subsidiary. The company and QTI both will stay investors in the new establishment. The decision of the controlling interest of the business will lie with the third party investors. QUALCOMM, Inc. (NASDAQ:QCOM) shares moved up 0.22% in last trading session and was closed at $79.50, while trading in range of $78.96 – $80.09 -. QUALCOMM, Inc. (NASDAQ:QCOM) year to date (YTD) performance is 7.58%.
RELM Wireless Corporation (NYSEMKT:RWC), a company that designs, manufactures and markets two-way radio communications equipment, will host an investor conference call to discuss its operating results for the first quarter ended March 31, 2014 on Wednesday, May 14, 2014 at 9:00 am EDT. On the call will be David Storey, President and Chief Executive Officer, and William Kelly, Executive Vice President and Chief Financial Officer. RELM Wireless Corporation (NYSEMKT:RWC) ended the last trading day at $3.17 . Company weekly volatility is calculated as 5.41% and price to cash ratio as 5.47. RELM Wireless Corporation (NYSEMKT:RWC) showed a negative weekly performance of -0.63%.
Leave a Reply