After a Loss, Ericsson Hangs Up on Phone-Making
Ericsson (ERICY ) posted a loss of 1.5 billion Swedish Kroners from operations vs. SEK 8.7 billion profit despite an 11% sales rise. The third-largest mobile phone maker says it will outsource the supply and production of its mobile phones. Ericsson sees 15%-20% 2001 sales growth, and a 6%-8% operating margin.
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