Global Wireless OEM Financial Results Q3 2009 "Under the Radar" Research Series

Published by	EJL Wireless Research
Published	November, 2009	Product code	104226
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Introduction
Press Release
Related Reports

Global Wireless OEM Financial Results Q3 2009 "Under the Radar" Research Series published by EJL Wireless Research in November, 2009. This report price starts from US $ 1995.

Introduction

Abstract

This report presents a financial analysis of the third quarter of 2009 for the following wireless OEMs:

Alcatel-Lucent
Ericsson
Motorola
Nokia Siemens Networks
Nortel Networks
ZTE

MARKET RESEARCH BRIEF
Background
Third Quarter 2009 Financials
Alcatel-Lucent
Ericsson
Motorola
Nokia Siemens Networks (NSN)
Nortel Networks
ZTE
Bottom Line Analysis

TABLES

Table 1: Third Quarter 2009 OEM Wireless Only Revenues (Millions of Dollars)
Table 2: 9M 2009 vs. 9M 2008 OEM Wireless Only Revenues (Millions of Dollars)
Table 3: Alcatel-Lucent Debt Analysis
Table 4: Ericsson Restructuring Charges by Function, Q109-Q309 (SEK Billions)
Table 5: Ericsson Restructuring Charges by Segment, Q109-Q309 (SEK Billions)
Table 6: Ericsson Notes and Bonds Maturity Analysis
Table 7: Motorola Cash Analysis, Q308 - Q309
Table 8: ZTE Short/Long Term Liability Analysis
Table 9: Third Quarter 2009 OEM Wireless Only Revenues, in Local Currency (Millions)

EXHIBITS

Exhibit 1: Third Quarter 2009 vs. 2008 Wireless Only Revenues (Millions of Dollars)
Exhibit 2: OEM Wireless Only Revenues. Q3 08 - Q3 09 (Millions of Dollars)
Exhibit 3: Third Quarter 2009 vs. 2008 Wireless Only Revenues by OEM (Millions of Dollars)
Exhibit 4: OEM Wireless Only Revenue Market Share, Q3 09
Exhibit 5: 9M 2009 vs. 2008 Wireless Only Revenues by OEM (Millions of Dollars)
Exhibit 6: Alcatel-Lucent Debt Maturity Analysis, 2009-2014+
Exhibit 7: Alcatel-Lucent Wireless Revenues Q3 08 - Q3 09 (Millions of Euros/Dollars)
Exhibit 8: Ericsson Notes and Bonds Maturity Analysis, 2010-2017
Exhibit 9: Ericsson Network Revenues Q3 08 - Q3 09 (Millions of Dollars)
Exhibit 10: Ericsson Network Revenues Q3 08 - Q3 09 (SEK Millions)
Exhibit 11: Ericsson Network Revenues by Geography Q3 09 (Millions of Dollars)
Exhibit 12: Ericsson Networks EBITDA/Operating Income Q3 08 - Q3 09 (SEK Millions)
Exhibit 13: Ericsson Networks EBITDA/Operating Margins Q3 08 - Q3 09
Exhibit 14: Motorola Factored Accounts Receivables, Q108 - Q309
Exhibit 15: Motorola Wireless Infrastructure (Networks) Revenues Q3 08 - Q3 09 (Millions of Dollars)
Exhibit 16: Nokia Siemens Networks Revenues Q3 08 - Q3 09 (Millions of EUR/Dollars)
Exhibit 17: Nokia Siemens Networks Wireless Revenues Q3 08 - Q3 09 (Millions of Dollars)
Exhibit 18: Nokia Siemens Networks Services Revenues Q1 09 - Q3 09 (Millions of EUR)
Exhibit 19: Nokia Siemens Networks Revenues by Geography Q3 09 (Millions of Dollars)
Exhibit 20: Nokia Siemens Networks China Revenues Q3 08 - Q3 09 (Millions of Dollars)
Exhibit 21: Nokia Siemens Networks Gross Margin Model Q3 08 - Q3 09
Exhibit 22: Nokia Siemens Networks Operating Margin Model Q3 08 - Q3 09
Exhibit 23: Nortel Networks Wireless Revenues Q3 08 - Q3 09 (Millions of Dollars)
Exhibit 24: Nortel Networks Wireless Revenues CDMA vs. GSM/UMTS Q3 08 - Q3 09 (Millions of Dollars)
Exhibit 25: Nortel Networks Wireless Revenues CDMA vs. GSM/UMTS Q3 09 (Millions of Dollars)
Exhibit 26: ZTE Wireless Revenues Q3 08 - Q3 09 (Millions of RMB)
Exhibit 27: ZTE Wireless Revenues Q3 08 - Q3 09 (Millions of Dollars)
Exhibit 28: ZTE Overall Gross Margin Model Q3 08 - Q3 09
Exhibit 29: USD vs. EUR Currency Conversion Rates, Jan 09-Sep 09

Press Release

Global Wireless Infrastructure Revenues Declined 15.7% YoY in Q3 2009 to USD $10.4 Billion Projected 2009 Industry Outlook to be Down 15-20%.

December 1st, 2009

The global wireless BTS infrastructure market revenues declined by 15.7% for the third quarter of 2009 to USD $10.4 billion compared with the third quarter of 2008, according to the latest report from EJL Wireless Research titled: "Global Wireless OEM Financial Results Q3 2009."

"Wireless revenues showed a sequential decline which is not surprising given the seasonally weak Q3. But our concern is that Q4 may not be as robust as in prior years due to continued tight credit conditions in key emerging markets such as Africa, Eastern Europe and Latin America," says founder and President, Earl Lum. The report provides a unique perspective on the global wireless infrastructure revenues for major wireless OEMs including Alcatel-Lucent, Ericsson, Motorola, Nokia Siemens Networks, Nortel Networks, and ZTE.

"Wireless revenues for the first nine months of 2009 are down 19.4% from 2008 levels. With an expected sequential growth quarter for Q4, we reiterate that the wireless infrastructure market may drop 15-20% in revenues for 2009 on a USD basis as the decline in the 2G GSM market offsets deployments in 3G," says Lum. We believe that the results offer a realistic snapshot for the industry on how the overall market is progressing for 2009.