raised its forecast for cell-phone handset sales in 2003, sparking buying in a handful of technology shares in Friday's premarket session.
The German electronics giant expects its own cell-phone sales to rise by as much as 18% this year, various news reports quoted a spokesman saying. The rate of increase is well above the 10% the company sees for the industry as a whole and would bring its total unit volume to 38 million to 39 million.
Siemens said it's already sold 33 million handsets year-to-date, matching the number it sold during all of 2002.
On the news,
was up 14 cents, or about 1%, to $18.20, while
rose 6 cents, or about half a percent, to $16.45 and
rose 41 cents, or 2%, to $24.70.