Ericsson's profit is expected to drop 34%

Article Abstract:

Analysts are predicting that Telefon AB LM Ericsson will post a drop of 34% in its pretax earnings for the first-half of 1999. Analysts predict that Ericsson will report 5.01 billion kronor (574.7 million euros) in pretax profits for the period. During the same period in 1998, the telecommunications giant posted 7.57 billion kronor. However, Ericsson's performance in the 1999 second-quarter is expected to improve over the first-quarter.

Comment:

Analysts predict Ericsson will post drop of 34% in pretax earnings for first-half of 1999

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Ericsson news hurts tech shares as indexes retreat

Article Abstract:

Ericsson posted a 64% decline in its net profits for the 2000 fourth-quarter period. The company's net profits, which reached 2.25 billion kroner (253.7 million euros), caused a drop in technology shares.

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Ericsson to detail cost cuts, including a hiring freeze

Article Abstract:

Telefon AB LM Ericsson is expected to introduce a cost reduction plan. The plan will include major consultant cuts and a hiring freeze.

Financial management

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