Corporate reorganization at Ericson leaves many analysts underwhelmed
Article Abstract:
Telefon AB L.M. Ericson's recent corporate overhauling failed to please market analysts. The Swedish telecommunications firm named new top managers, formed new corporate divisions, and dissolved its Infocom division to make its operations more transparent and to facilitate decision making. However, the restructuring failed to get the nod of many analysts because they believe Ericson's problems can not be easily solved by way of revamping the business. Analysts fear that Ericson will make the same mistake it made two years ago when it revamped its business instead of addressing directly its problems.
Comment:
Recent corporate overhauling failed to please market analysts
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 1998
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Ericsson's pretax earnings meet analysts' estimates
Article Abstract:
Telefon AB LM Ericsson, a telecommunications equipment manufacturer, posted 12.1 billion Swedish kronors in pre-tax profits for initial nine months of 1998 for a 17% increase from just 10.3 billion kronors for the same period in 1997. The firm was able to realize market expectations with its performance although its stock value decreased on profit-taking. Ericsson also performed well in China, which is its biggest single market, despite the Asian financial crisis because it maintains low exposure in the entire Asian region.
Comment:
Posts 12.1 billion Swedish kronors in pre-tax profits for initial nine months of 1998 for a 17% increase from 1997
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
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