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A Selective Investment in Scandinavia
ERIC
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-34.94%
in
385 days
<> 
As evidence of commercial interest in developing an ETF for the Nordic region, Global X Management has recently filed for such a product , based on the FTSE Nordic 30 Index. The Global X filing specifies that, "The underlying index tracks the performance of the 30 largest and most liquid companies in Sweden, Denmark, Norway, and Finland. The Adviser uses a passive or indexing approach to try to achieve the Fund’s investment objective."
In contrast, the ETFI Nordic Region PerformIdex is a semi-active ETF proposa...
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LM Ericsson Telephone Co.
ERIC
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+3.29%
in
498 days
elefonaktiebolaget LM Ericsson provides telecommunications equipment and related services to mobile and fixed network operators. It operates in four segments: Networks, Professional Services, Multimedia, and Phones. The Networks segment offers products for wireless and wireline access; core network solutions, including softswitch, IP infrastructure, IP –based multimedia subsystem, and media gateways; microwave and optical transport solutions for the management of voice and data traffic; and deployment services. The Professional Services segment provides managed services comprising various a< /><><><><><><><><><><><><><><><><><>< />< /><><><><><><><><><><><>< />...
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STOP at : 19.01 USD on : 3/28/2008
ERIC
Strong Bounce On Little News
ERIC
-72.39%
in
789 days
The market is getting a nice bounce in early trading, although you know by now that I am often skeptical of strong market opens. I prefer to see a market that opens flattish and rallies into the close.
Wireless equipment maker Ericsson (ERIC) issued a strong forecast, and disk drive maker WDC also raised its guidance. So those are some positive developments that are helping the tech sector at the margin.
Goldman Sachs (GS) put in a big reversal yesterday, and helped lift the whole group. The brokers are up again this morning, by +1.4%. GS reports earnings tomor...
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From the Blogosphere
Ericsson Beats Estimates – Analyst Blog
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LM Ericsson Telephone Company (ERIC) reported earnings per share of 16 cents for the third quarter of 2009, exceeding the Zacks Consensus Estimate of 12 cents per share.
Net sales in the third quarter were SEK 46.4 billion ($6.6 billion). Sales in the quarter decreased 4% year-over-year for comparable units, i.e. excluding Ericsson Mobile Platforms, and decreased 12% adjusted for currency exchange rate effects and hedging. The third quarter last year was comparatively strong with no normal seasonality.
Sequential sales decreased 11%, negatively impacted by currency exchange rate effects, seas...
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Ericsson Shrs Slide On Weak Q3
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Ericsson (ERIC) continues to struggle for firm footing amid a weak market for telecom equipment. The Swedish telecom equipment supplier’s shares are taking a hit this morning on very weak Q3 results. Sales of 46.4 billion Swedish krona - about $6.74 billion dollars - were down 6% year-over year, off 11% from the second quarter, and below the Street consensus at $7.1 billion. Net income fell 74% year over year. Sales on a “comparable unit” basis were down 4%; but on a currency adjusted basis fell 12%. <>CEO Carl-Henric Svanberg said in a statement that “sales of network equipment declined <><><><>< /><>< /><>< /><>< /><>< />< />...
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Ericsson Shrs Slide On Weak Q3 Results
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Ericsson (ERIC) continues to struggle for firm footing amid a weak market for telecom equipment. The Swedish telecom equipment supplier’s shares are taking a hit this morning on very weak Q3 results. Sales of 46.4 billion Swedish krona - about $6.74 billion dollars - were down 6% year-over year, off 11% from the second quarter, and below the Street consensus at $7.1 billion. Net income fell 74% year over year. Sales on a “comparable unit” basis were down 4%; but on a currency adjusted basis fell 12%. <>CEO Carl-Henric Svanberg said in a statement that “sales of network equipment declined <><><><>< /><>< /><>< /><>< /><>< />< />...
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Cisco/Starent Deal: Bad News For Juniper?
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This morning’s news that Cisco (CSCO) will buy Starent (STAR) for $35 a share in cash, or $2.9 billion, has been generally well received by the Street, which sees Starent as filling a hole in Cisco’s product line. But the deal has ramifications for Cisco’s competition - in particular for Juniper Networks (JNPR), according to Avian Securities research chief Avi Cohen. <>Indeed, Cohen writes that the deal allows Cisco to “solidify leading share in the all-important high-growth mobile packet core segment,” which is bad news for competitors in that segment, including Ericsson (ERIC), <>Nok...
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Ciena Keeps Crumbling; Potential Nortel Deal Has Investors Worried
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Ciena (CIEN) shares are not reacting well to the news that the company is in talks to acquire Nortel’s Metro Ethernet Networks business. <>In a release yesterday, Ciena acknowledged that it is holding talks about buying the Nortel unit. The announcement came after the company apparently inadvertently posted - and then took down - a news release that said the company had a deal to acqurie the Nortel unit for $400 million in cash and 10 million Ciena shares. (Again, I would note that the release has been taken down, so it is hard to ...
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About LM Ericsson Telephone Company
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