Sonera (SNRA) : The next Nokia ? Message Board

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Technology Stocks : Sonera (SNRA) : The next Nokia ?

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To: AmericanVoter who started this subject	7/24/2000 12:49:08 PM
From: Joar	Read Replies (1) of 101

Sonera dives on lower H1 earnings ------------------------------------------------ HELSINKI, July 24 (Reuters) - Shares in Finnish telecom operator Sonera <SRA1V.HE><SNRA.O> sank on Monday after the company reported comparable first-half results below forecasts. At 0951 GMT, Sonera traded at 47.70 euros, down 5.4 percent and was seen falling further, dragging the HEX general index <.HEX> off session peaks. "The comparable result was clearly lower than expectations," one broker said. Sonera posted a first-half profit before extras of 1.06 billion euros, well up on last year's 224 million but boosted by a gain of 835 million linked to the merger of U.S. operators Aerial and VoiceStream <VSTR.O>. Without the gain, Sonera's profit was 220 million euros, which was below the market's consensus forecast for a six-month profit of 231 million euros. The share reversed earlier gains that it had scored on news it would sell it 7.9 percent stake in U.S. mobile operator VoiceStream to Deutsche Telekom <DTEGn.DE> for $3.7 billion in cash and stock. ((John Acher, Helsinki newsroom +358-9-680 50 235, fax +358-9-680 2284, news@reuters.fi)) REUTERS Rtr 06:02 07-24-00 nasdaq.com -------------------------------------- Interim report in detail: sonera.fi -------------------------------------- Joar

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