Ericsson profits dip as Marconi weighs on results
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Ericsson, the world's biggest supplier of mobile telecommunication systems, has reported a slight drop in second-quarter net profit as the acquisition of British group Marconi in 2005 continued to weigh on earnings.
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Swedish telecommunication equipment maker Ericsson reported a gain in second quarter net earnings Friday but shares fell by more than four percent as its numbers came in short of market expectations.
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Ericsson (ERICb.ST), the world&#39;s  biggest mobile network maker, reported softer-than-expected  second-quarter earnings on Friday but said the company  continued to outperform the market.
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Shares of the worldâs biggest maker of mobile networks fell 24% after announcing a drop in third-quarter profit amid weaker demand for equipment in Europe and the U.S.
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MOBILE phone giant Nokia has reported a drop in third-quarter profits after cutting handset prices to win back market share, but said sales had picked up.
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com. AT&amp;T Wireless announced a drop in sales and profits, as it moved closer to its planned acquisition by Cingular Wireless. The firm earned $117 million on revenues of $4.
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LM Ericsson, the world's largest supplier of equipment for wireless phone networks, posted a third-quarter profit on Friday that was in line with analysts' expectations but said it expects only slight growth in mobile networks in the coming months.
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Texas Instruments Inc posted a 10 percent rise in quarterly profit on Monday, but gave a disappointing revenue forecast due to the loss of some business at customer Ericsson, sending its shares down as much as 4 percent.
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Embarq Corporation, the wireline spinoff from Sprint Nextel, posted a lower quarterly profit on Thursday as it lost phone line customers.
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Cell phone maker Motorola Inc. on Wednesday said net profits fell 84 percent in the fourth quarter and warned that the recovery in its struggling handset unit will take longer than expected.
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Telecom equipment maker Ericsson   reported on Friday lower-than-expected operating  profit of 7.6 billion Swedish crowns ($1.20 billion) in the  fourth quarter and announced major cost cuts.
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Texas Instruments Inc  reported lower quarterly profit and revenue on Monday as weak demand for calculators outweighed improving sales of advanced phones that use its wireless chips.
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Telecom equipment maker Ericsson  (ERICb.ST) reported lower-than-expected profit and announced  sweeping job cuts on Friday as the group hunkered down for what  it expects will be a flat market this year.
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Cell phone maker Motorola Inc. on Wednesday warned of a second-quarter profit and sales shortfall, blaming poor results in its mobile devices business in Asia and Europe. The company also said it no longer expects mobile devices &#151; its largest business &#151; to be profitable in 2007.
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European stock markets drifted lower in early trading as profit-taking set in after recent gains, despite a modest rise on Wall Street and well-received results from cellphone giant Vodafone.
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Telecom equipment maker Ericsson  (ERICb.ST) reported on Friday lower-than-expected operating  profit of 7.6 billion Swedish crowns ($1.20 billion) in the  fourth quarter and announced major cost cuts.
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Lucent Technologies Inc.  on Wednesday posted lower quarterly earnings and disappointing sales despite improved demand for wireless network products, and the telecommunications gear maker's shares fell.