Zeev's Turnips Patch-No Politics (ZEEV)

[marketmaven]

NOK, MOT, Siemens Lose Share, Ingram Cuts Q3 Forecast
Trannies Rally on $42.75-bbl Oil??? Makes Sense- NOT
Tanzanian Al-Qaida boy captured BFD

http://stockcharts.com/def/servlet/SC.web?c=$TRAN,uu[h,a]dacanyay[de][pc13!c50][vc60][iLb14]&pre....

NOK, MOT and Siemens Lose Cellphone Share - Great !
Nokia loses more share in 2nd quarter
By Jeffry Bartash, CBS.MarketWatch.com 4:31PM July 29,04

WASHINGTON (CBS.MW) - Nokia's lead in the wireless phone market slipped again in the second quarter, as hard chargers Samsung, Sony Ericsson and LG Electronics made bigger inroads, a market research firm reported Thursday. The Finnish cell-phone giant accounted for 27.7 percent of all wireless phones shipped in the second quarter, down from 29.3 percent in the first three months of the year, according to IDC. In the past nine months, Nokia's share of the global wireless market has fallen about 8 percentage points based on IDC data. At the end of the 2003 third quarter, the company controlled roughly 35 percent of the market. Analysts say the sharp decline reflects the company's failure to anticipate a surge in demand for phones incorporating clamshell designs and other popular features. Nokia (NOK: news, chart, profile) has since moved to remedy that problem with the introduction of new phone models. Like Nokia, U.S.-based Motorola (MOT: news, chart, profile) and Germany's Siemens also lost ground to up-and-coming rivals. Motorola's portion of the market dropped to 14.7 percent from 16.6 percent in the first quarter. Siemens ended the second quarter with a 6.4 percent share, down from 8.4 percent in the first three months of the year.

Ingram Micro Q2 profit hits $25.9 mln
By Rex Crum, CBS.MarketWatch.com : 4:25 PM ET July 29, 2004

SAN FRANCISCO (CBS.MW) -- Ingram Micro reported a second-quarter profit on Thursday that more than doubled its year-ago figure as European and North American sales continued to grow.
Ingram Micro (IM: news, chart, profile) earned $25.9 million, or 16 cents a share, on $5.72 billion in revenue. The technology-products distributor topped the consensus estimate of analysts surveyed by Thomson First Call, who had forecasted a profit of 15 cents a share on revenue of $5.7 billion. During the same period a year ago, Ingram Micro posted a net profit of $11.5 million, or 8 cents a share, on $5.2 billion in revenue. Chief Executive Kent Foster said demand has been relatively stable in all of Ingram Micro's business areas. North American sales totaled $2.8 billion, up 9 percent from a year ago, while European sales reached $2.11 billion, an 18-percent increase of the year-ago period. Going forward, Ingram Micro expects to report a third-quarter profit of $25 million to $30 million, or between 16 cents and 19 cents a share, on revenue between $5.7 billion and $5.9 billion. Analysts had forecasted Ingram Micro to earn 18 cents a share, on revenue of $5.84 billion, on average according to a survey by Thomson First Call. Foster said he expects the North American market to remain intense, and Europe has entered its traditionally slow summer business season.

Pakistan says captures a "most wanted" Qaeda man

DUBAI, United Arab Emirates (Reuters) - Pakistan has arrested a senior al Qaeda figure with a bounty of up to $25 million on his head, Interior Minister Makhdoom Faisal Saleh Hayat told CNN television Thursday. He said the suspect had been captured during a raid in central Pakistan a few days ago. He did not identify the captive but said he was "a person who is most wanted internationally." Al Arabiya satellite news channel quoted Pakistani President Pervez Musharraf as saying the suspect was arrested Sunday. "The Pakistani president said the arrested person is Tanzanian who is married to an Uzbek woman, and who is wanted by the United States," the station said. Al Arabiya said the suspect may be Ahmed Khalfan Ghailani. Ghailani is the only Tanzanian on the FBI's most wanted "terrorists" list, for his alleged role in the 1998 bombings by al Qaeda of the U.S. embassies in Kenya and Tanzania. Pakistan later said it had arrested a key suspect in the bombings. Ghailani was among seven people about whom the United States said in May it was seeking information amid fears of a possible attack in the near future. An FBI Web site lists Ghailani as a suspect in the African embassy bombings and says it is offering a reward of up to $25 million for information leading to his capture. A Pakistani official said Tuesday that Pakistani security forces were holding three Africans, including a Tanzanian, suspected of being militants after a shootout last week.