Clearly Delphi is under pressure here, and their threat (of bankruptcy) is a real threat. Their first order of business is to try to renegotiate some of those (union) deals and terms to ensure the viability of the U.S. business.
Big positive surprise, especially in the face of the spike in oil prices in August. The guidance to a higher number for the year just shows that the core business is extremely strong and the company is confident that it continues to strengthen for the rest of the year.
Delphi is weighing on the whole automotive industry. More people want to move money out of that sector, and the situation is not going to get better any time soon.
GE's businesses are benefiting from the economic environment both domestically and internationally. But revenue did fall slightly below Wall Street's expectations, which is a bit of a disappointment.
While it's certainly an industry issue, we believe Ericsson is having a hard time competing in networks against competition. That appears to have led to a major shake up at the top,
It will strengthen two companies that aren't particularly strong. The industry needs that consolidation to make them stronger against competing technologies.
Even though this was a well-anticipated reversal... the market still has reacted positively to the ruling in pushing up tobacco stocks, because this removes yet another legal impediment to the survival of the industry.
This is essentially re-creating the old ATT. But in this environment, the industry has been so weakened, with so many competing technologies, it's a very, very different world now.
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