Ericsson's Blazing Circuits

Lars Ramqvist has been logging plenty of air miles between Sweden and China lately. As chief executive of L.M. Ericsson, the Swedish telecommunications equipment maker, Ramqvist's courtship of top Chinese officials helped Ericsson secure its No.1 spot as a supplier of mobile-telephone systems to the booming Chinese market, against such rivals as Motorola Inc. and Siemens. It also helps explain why the 55-year-old Swedish executive is spouting Asian philosophy to Ericsson employees and shareholders. "We should keep in mind the old Chinese proverb," Ramqvist cautions. "No tree grows to the heavens."

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