PhoneCardSmile.Com Logo
E-mail: Password:
Welcome to PhoneCardSmile.com
Telecom News
Telecom suppliers face more bad times

Date: 11/13/2008 12:33:25 PM

Vendors that make telecommunications equipment used by consumers or large phone carriers are bracing for a difficult 2009 as customers pare back on their spending to cope with whats unfolding as an economic downturn on a global scale.

Earlier this week, Nortel Networks Corp. (NT:Nortel Networks Corporation News, chart, profile, more Delayed quote dataAdd to portfolio Analyst Create alertInsider Discuss Financials posted a huge third-quarter loss and unveiled further layoffs in anticipation of reduced demand for its goods. Shares of the long-ailing Canadian networker sank 19% on the day of the announcement -- and the stock touched an all-time low of 52 cents. See full story.

Not even large, healthy companies such as Nokia Corp., which caters more to consumers, are immune in the current climate. Shares of Nokia Delayed quote dataAdd to portfolio Analyst Create alertInsider Discuss Financials retreating as the Finnish mobile giant said the wireless industry would sell fewer handsets in 2009 than it did in 2008. The stock now sits at a four-year low.

Just a few months ago, the picture didnt appear quite as bleak. Industry executives were expecting a slowdown, perhaps an even a sharp one -- but not on the scale that some now predict.

PCS Tags: Phone Cards, International Calling Card, Prepaid Calling Cards, overseas Phone cards

PhoneCardsmile.com  Phone Card News Stats

Source: http://www.marketwatch.com/news/story/vise-tightens-telecom-suppliers-face/story.aspx?guid=%7BB2C235D4-7E7E-4769-8145-B172200CB54F%7D


<-- Back

International Phone Card Search

Calling From United States to:
Search
Phone Card Name (Optional):
Search
Provide Local Access in
Search

Navigation Links:


Live Help!

My Rewards Program






Secured and Verified by:
About SSL Certificates
HACKER SAFE certified sites prevent over 99.9% of hacker crime.
Discover, Master, Visa, American Express
Your current IP is: 174.129.92.127

Phone Card Rates
Brazil Phone Card, Brazil Calling Card Flag   Brazil 0.2¢ Canada Phone Card, Canada Calling Card Flag   Canada 0.1¢
China Phone Card, China Calling Card Flag   China 0.1¢ Egypt Phone Card, Egypt Calling Card Flag   Egypt 3.1¢
France Phone Card, France Calling Card Flag   France 0.1¢ Germany phone card, Germany calling card flag   Germany 0.1¢
Iraq Phone Card, Iraq Calling Card Flag   Iraq 1.0¢ india phone card, india calling card flag   India 0.1¢
italy phone card, italy calling card flag   Italy 0.1¢ Japan Phone Card, Japan Calling Card Flag   Japan 0.3¢
Korea South Phone Card, Korea South Calling Card Flag   S. Korea 0.1¢ Mexico Phone Card, Mexico Calling Card Flag   Mexico 0.4¢
Nigeria Phone Card, Nigeria Calling Card Flag   Nigeria 2.7¢ Philippines Phone Card, Philippines Calling Card Flag   Philippines 4.6¢
Russia Phone Card, Russia Calling Card Flag   Russia 0.3¢ Taiwan Phone card, Taiwan Calling Card Flag   Taiwan 0.1¢
South Africa Phone Card, South Africa Calling Card Flag   S. Africa 0.9¢ USA Phone card, USA Calling Card Flag   USA 0.3¢
UK Phone Card, United Kingdom Calling Card Flag   UK 0.1¢ USA Phone card, USA Calling Card Flag   Vietnam 0.8¢
 
Phone Card News
 





















More News...