Austin, TX 10/17/2007 9:41:07 PM
Speak with other shareholders about: (NASDAQ: ERIC), (OTCBB: RAEM), (Nasdaq: SIRI), (OBB: NNTN), (Nasdaq: LVLT).
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Ericsson (NASDAQ: ERIC), down 23% on 42 million shares, issued its third quarter report on Tuesday (16 October), posting an operating income of SEK5.6bn, as compared to SEK8.8bn in the third quarter of 2006. Net sales improved by 6% to SEK43.5bn, the company said. "The unexpected development in the quarter is mainly due to a shortfall in sales in mobile network upgrades and expansions which resulted in an unfavourable business mix that also negatively affected group margins," said Carl-Henric Svanberg, CEO of Ericsson.
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Raven Moon Entertainment, Inc. (OTCBB: RAEM), down 55% on 2 million shares, announced today that Gina D(R), star of both "GINA D'S KIDS CLUB"(R) and the new "SING ALONG WITH GINA D"(R) television programs appeared live on Lesea Broadcasting's "The Harvest Show," a network television program that airs here in the United States on Tuesday, October 16, 2007, at 9 AM EDT on cable stations and DirecTV channel 321, and in many countries around the world.
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SIRIUS Satellite Radio (Nasdaq: SIRI), down .83% on 38 million shares, yesterday announced that it plans to release 3Q 2007 financial and operating results on October 30, 2007. SIRIUS also plans to hold a conference call at 8:00 am ET to discuss these results. Investors and the press can listen to the conference call via the company's website, www.sirius.com, and on its satellite radio service by tuning to SIRIUS channel 126. A replay of the call will be available on the company's website.
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Nutrition International, Inc. (OBB: NNTN), down 38% on 2 million shares, a subsidiary of Natural Nutrition Inc., announced yesterday the signing of a "Letter of Intent" for distributing InterACTIVE Nutrition brand products in nine Middle Eastern countries.
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Level 3 Communications Inc (Nasdaq: LVLT), down 2% on 38 million shares, a communications company released yesterday that the company is beginning a search for a new chief financial officer, following the resignation of Sunit Patel. Patel is expected to remain with the company during the transition period. The company expects to complete the search for a new CFO, which is being conducted by CTPartners of Menlo Park, California, US, by the end of the first quarter 2008.
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