On Wednesday, Shares of Telefonaktiebolaget LM Ericsson (NASDAQ:ERIC), SUBTRACT -20.83% and closed at $5.55 in the last trading session. The last trading range of the stock ranges between $5.54 and $5.79. The company’s Market capitalization is $8.38 Billion with the total Outstanding Shares of 3.00 Billion. During the 52-week trading session the minimum price at which share price traded, registered at $5.54 and reached to max level of $10.58. Telefonaktiebolaget LM Ericsson (publ) provides network equipment and software, and services for network and business operations worldwide. Its Networks segment delivers products and solutions for mobile access, Internet protocol (IP) and transmission networks, core networks, and cloud. This segment offers radio access solutions; IP routing and transport solutions; microwave and optical transmission solutions for mobile and fixed networks; IP multimedia subsystem solutions; a cloud platform that handles workloads for various clouds; and telecom, IT, and commercial cloud services. The companys Global Services segment delivers managed services, counting services for designing, building, operating, and managing the day-to-day operations of the customers network or solutions; maintenance services; network sharing solutions; shared solutions; and managed services of IT environments, in addition to provides broadcast and media services. This segment also offers product-related services, such as services to expand, upgrade, restructure, or migrate networks; network-rollout services; customer support services; and network design and optimization services. In addition, it provides consulting and systems integration services comprising technology and operational consulting, integration of multi-vendor equipment, design and integration, and transforming programs; and industry specific solutions. The companys Support Solutions segment offers operations support systems; business support systems that provide revenue administration, mediation, and customer care solutions; television (TV) and media solutions for the creation, administration, and delivery of TV experiences on various devices over various networks; and M-Commerce solutions for money transfer.
Taiwan Semiconductor Mfg. Co. Ltd. (ADR) (NYSE:TSM), jumped 2.02% and closed at $31.35 in the last trading session. The last trading range of the stock ranges between $30.70 and $31.41. The company’s Market capitalization is $154.99 Billion with the total Outstanding Shares of 25.93 Billion. During the 52-week trading session the minimum price at which share price traded, registered at $20.45 and reached to max level of $31.48. Taiwan Semiconductor Manufacturing Co (TSMC) raised its forecast for 2016 revenue after setting new profit and sales records in the third quarter, as analysts said it was riding high on supplying parts for Apple Inc’s new iPhone 7.
The world’s largest contract chipmaker’s bullish forecast comes as anticipation has intensified about how the iPhone 7, launched in early September, has been selling in the wake of Samsung Electronics Co scrapping its Galaxy Note 7 smartphone in what could be one of the costliest product safety failures in tech history.
TSMC, which doesn’t disclose details of customer orders, said on Thursday it now expects revenue growth to be 11-12 percent, compared with a previous estimate of a 5-10 percent increase. “Demand for high-end smartphones will continue to improve,” said co-Chief Executive Officer Mark Liu, speaking at an earnings conference.source reuter