Financial ratings wrap-up: RIM and Ericsson
December 24 2008 - 6:00 am ET | Kristen Beckman | RCR Wireless News
The following list includes ratings changes and financial information for wireless companies announced this week by investment-banking and financial-services firms.
Handset and infrastructure vendors
--Oppenheimer increased its estimates on Research In Motion after the company reported results in line with its pre-announcement. The new estimates are EPS of $3.42 on revenues of $11.01 billion for 2009, up from $3.31 on revenues of $10.29 billion. For 2010, estimates increase to $3.58 on revenues of $14.83 billion from $3.44 on $11.92 billion in revenues.
--RBC Capital Markets cut its price target on Ericsson to $9 from $10 to reflect handset forecast reductions at Sony Ericsson.
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