Stock exchange: Gemplus hit by mobile telephony

Posté ven 08/06/2001 - 00:00
Par admin

Gemplus' security, listed on the first market of Paris marketplace early December 200 keeps on falling. Yesterday, on Thursday, it lost 7.59%, closing at 3.53 euros. A new hit which follows a second warning resulting from the slack of the growth of the mobile phone market and from the feedback effect of the SIM card activity which represents half of its turnover. The decrease of the security, compared to the listing price (6 euros), is thus up to 41%. Compared to the beginning of the year, the fall is even more significant: 63% ! The first six months in marketplace of the world chip leader, have a real Way of the Cross !

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