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
–Goldman Sachs lowered its estimates on Motorola Inc. due to indications of softened capital spending early this year. New estimates on the company are 22 cents on revenues of $36.5 billion from 22 cents on $36.96 billion for 2008; 62 cents on revenues of $38.8 billion from 70 cents on $39.5 billion for 2009 and 81 cents on $42.5 billion from $1.11 on $43.5 billion for 2010.
–RBC Capital Markets reduced its price target on Nortel Networks from $18 to $16 after the company reported revenues below expectations.
–RBC Capital Markets raised its rating on Nokia Corp. to outperform from sector perform based on positive earnings growth driven by new handsets and broad adoption of W-CDMA and smart phones.
Other
–CIBC World Markets cut its price target on RF Micro Devices to $8 from $9 after the company lowered its December guidance.
Financial ratings wrap-up: Motorola, Nokia, Nortel and more
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