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Jul 18, 2013
(Reuters) - Verizon Communications Inc said strength in its wireless business was tempered by weakness in its traditional wireline unit, producing softer-than-expected revenue growth for the quarter and sending its shares down nearly 2 percent.
(Reuters) - Samsung Electronics Co Ltd missed already modest expectations for its quarterly earnings guidance on Friday, deepening worries that its smartphone business may have peaked, as growth in sales of its blockbuster Galaxy phones begins to wane and new rivals emerge to eat away at its market share.
Investors are a bit panicked about the Samsung Galaxy S4 sending shares down by 6% and wiping out $12 billion worth of value. Are they overreacting?
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