Ericsson issues profit warning, prompting sharp sell-off

Article Abstract:

The article discusses the profit warning issued by Telefon AB L.M. Ericsson, causing its stock to plunge 20%.

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Ericsson's 2.41 billion euros offer dominates Eurobond session

Article Abstract:

Ericsson bond offering dominated the Eurobond session on May 21, 2001. The company's offering was valued at 2.41 billion euros in two tranches.

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Ericsson's profit declined 44% in first half

Article Abstract:

Telefon AB LM Ericsson posted earnings that were lower-than-predicted for the first-half of 1999. The company also announced that it would downsize its labor force by 4,000 jobs. The job cuts are part of Ericsson's restructuring program. The Swedish-based firm has been plagued by product launch delays of cellular phone models. The delays have been caused partly by technical and manufacturing problems. Ericsson's first-half profits dropped 44%.

Comment:

First-half profits drop 44% in 1999; to layoff 4,000 workers as part of restructuring

Labor force information, Management, Abstract

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