Telecom Earnings Preview
Telecom companies, both service providers and equipment vendors, are expected to report relatively strong earnings gains in the second quarter, even though Motorola (MOT; $18; ranked hold by S&P) warned last week that poor sales of its wireless handsets in Europe and Asia will result in a loss for the period. The company also said it expects its mobile handset division, which accounts for about 60% of the company's sales, to report a loss in 2007.
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