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NORDIC STOCKS - Factors to watch on Feb 27

Fri Feb 27, 2009 1:36am EST

Stocks

   

HELSINKI, Feb 27 (Reuters) - The following stocks may be affected by newspaper reports and other factors on Friday:

ERICSSON (ERICb.ST), NOKIA (NOK1V.HE)

Ericsson expanded its lead in the ailing mobile network gear market in October-December as its closest rivals lost share to fast growing Chinese firms, researcher dell'Oro said. [ID:nLQ65026]

Ericsson kept its 32 percent share of the market in October-December, while the share of its closest rival Nokia Siemens Networks fell to 23 percent from 27 percent a year ago, dell'Oro said.

For more on the companies, double click on [ERICb.ST] [NOK1V.HE]

GM, SAAB GM.N

The Swedish government has found a possible buyer for loss-making GM unit Saab, daily Dagens Industri said quoting an unnamed source. The newspaper said Saab had already been contacted by 8 serious candidates to replace GM as owner, one of which is Swedish.

The source said the government was willing to discuss conditions for guaranteeing a loan with the European Investment Bank with parties interested in buying Saab.

DI said that GM was prepared to write off 7.8 billion Swedish crowns ($870 million) Saab owes it and provide a further 3.5 billion to keep the firm going if Saab can get other loan guarantees.

For more on the company, double click on [GM.N]

GN STORE NORD (GN.CO)

The Danish hearing aid and headset maker is seen posting a 75 percent drop in 2008 operating profit as sales slumped in a worsening global economy, a Reuters poll of analysts showed.

GN is due to report earnings at around 0700 GMT.

For more on the company, double click [GN.CO]

GENMAB (GEN.CO)

The Danish biotech company said its European Medicines Agency application for Arzerra for the treatment of chronic lymphocytic leukemia has been accepted and the review started this week.

The acceptance triggered at $10 million milestone payment from partner GlaxoSmithKline (GSK.L), Genmab said.

For more on the company, double click on [GEN.CO]

** For a summary of upcoming results and forecasts, double click on [NORD/EQTY]

** For the western European company diary covering earnings, shareholder meetings, news conferences and analysts' meetings, click on [WEU/EQUITY] or type in the code and hit the f9 button.

** Double click on <0#.INDEX.ST> for Swedish indices, <0#.INDEX.CO> for Danish indices, <0#.INDEX.HE> for Finnish indices and <0#.INDEX.OL> for Norwegian indices

** For real-time moves on Nordic blue-chip indices double click on .OMXS30, .OMXH25, and .OBX

** For constituent stock moves highlight the above codes in the command box and press the f3 button on your keyboard

** For Nordic top news items, double click on [TOP/NORD]

** For the latest news on Nordic stock price moves double click on [HOT-NORD-RTRS]

(Additional reporting by Copenhagen, Oslo and Stockholm newsrooms) (Helsinki Newsroom; +358-9-6805-0244) ($1=8.937 Swedish Crown)



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