Samsung Sings of Handset Strength

TheStreet.com reports on Samsung's strong handset sales in the third quarter. According to the company, "mobile phone sales jumped 10% over the previous quarter to 26.8 million units shipped in the period ended Sept. 30. And though Samsung projects no growth in phone sales in the current quarter, the company raised its estimate for total industry growth this year to 15% over 2004 levels."

JP Morgan Chase analyst Ehud Gelblum issued a research report that said, "This is the second time in as many quarters that Samsung has said market growth is stronger than it expected. Yet its shipments should remain at the same level, leading us to believe that Samsung is losing share."

Ed Snyder at Charter Equity Research said, "Samsung phone sales suggest Motorola and Nokia are gaining market share."