Ericsson Chief Sees a Bright Future
Sweden's Ericsson (ERIC) is the world's largest seller of wireless telecom equipment, but it took a huge hit in the third quarter last year (BusinessWeek.com, 10/16/07) due to an unexpected decline in sales for its high-margin software and network-upgrade businesses. The company relies on these more profitable sales to offset lower margins in new network construction, especially in the developing world, where it has been discounting heavily to grab business away from rivals Alcatel-Lucent (ALU), Nokia Siemens Networks (NOK, SI), and Nortel Networks (NT).
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