Ericsson to sell real estate to improve its cash flow
Article Abstract:
Telefon AB LM Ericsson announced that it would sell off the entirety of its real estate assets in an attempt to improve the firm's negative flow of cash. Ericsson has as much as 10 billion kronor (1.15 billion euros) in real estate assets. The divestiture is scheduled to take place in 1999 and 2000. The move is an effort by Ericsson to make more capital available.
Comment:
To sell all real estate assets to improve negative cash flow
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 1999
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Ericsson reports big quarterly loss and warns on 2002
Article Abstract:
Telefon A.B. L.M. Ericsson of Sweden reported another big quarterly loss and further downgraded its view on the market for telecoms infrastructure in 2002. The company confirmed that it lost up to 5.5 billion Swedish kronor (Euro581.2 million) in the third quarter.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2001
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Ericsson reports strong results; expects sales rise
Article Abstract:
Telefon AB LM Ericsson said its pretax profits for the 2000 first-quarter more than quadrupled from the year-earlier period. The company posted a 366% rise in pretax profits for the period to 6.1 billion kronor (750.4 million euros).
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2000
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