Ericsson Warns on Growth
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A predicted slowdown in future market growth has taken the shine off Ericsson AB&#39;s (Nasdaq: ERICY - message board) impressive third quarter results today, sending its share price spiraling down (see Ericsson Ups Q3 Profit).
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Swedish telecommunications equipment maker Ericsson reported a return to net profit in the third quarter, lifted by healthy growth in its international markets.
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Revenue from cellular services is expected to jump by more than 18 percent each year for the next five years.
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LM Ericsson, the world&#39;s largest supplier of equipment for wireless phone networks, posted a third-quarter profit on Friday that was in line with analysts&#39; expectations but said it expects only slight growth in mobile networks in the coming months.
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Ericsson  does not expect  China to issue any of its long-delayed licenses for high-speed  3G mobile phone networks in 2007, the head of the Swedish  mobile phone systems group said on Friday.
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Credit worries will take a further bite out of global economic growth, including Europe.
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Borders Group warns about its third quarter.
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The world will have almost two billion mobile telephone users by 2006 due to growth in emerging markets such as India and China, the head of Swedish giant Ericsson revealed.
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Ericsson, the world&#39;s largest maker of mobile phone networks, posted a quarterly profit on Friday, but reported disappointing new orders and offered a subdued outlook for 2005.
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Ericsson missed market forecasts for second-quarter earnings as its multimedia drive produced disappointing results and revenue in its key European market stagnated, sending its shares down 5 percent.
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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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ERICSSON Australia Pty Ltd was chosen to supply and service Telstra Corp Ltds 3G mobile capacity for the next five years. The agreement involved contracts worth more than $100 million to develop the Telstra
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World number four mobile producer  Sony Ericsson (ERICb.ST) (6758.T) said on Tuesday it would  launch eight new phones, four of which would be at the low end  of the price-scale.
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Sony Ericsson, the world's fourth-largest mobile phone maker, saw growing profits and market share in the second quarter but said the average selling price of its handsets continued to fall.
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Swedish telecommunications equipment maker Ericsson today reported a return to net profit in the third quarter, lifted by healthy growth in its international markets.
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Europe's bourses are expected to track the climb on the Nasdaq overnight and open slightly firmer. Ericsson though is likley to suffer following a disappointing update and VW will be in focus after rejecting an union pay cuts offer as insufficient.
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By Foo Eu Jin  ERICSSON Malaysia expects its managed services business to do well next year, driven by an increase in spending by telecommunications companies.