ERICY -previously- always stated that mobiles brought profits. That was not true. The profits had always come from mobile INFRASTRUCTURE. Had ERICY stated that mobile infrastructure was the one that brought home the bacon, its customers immediately would demand discounts.
There has been obviously a change in strategy within ERICY. Hence now they come out and say -finally- that mobile terminals are the losers.
Can you remember when in 1997 and 1998 it was the fixed line part of ERICY that was the loser? Do you remember in 1999 when the factory fire in Albuquerque, New Mexico, was the cause of loses.
ERICY is so previsible, they can't play this game anymore.
Ericsson holds back technology stocks (Ericsson belastet Stimmung fur Techwerte)
Die Welt - Germany; Jan 27, 2001
Frankfurt stock market report (26/01/01). The poor general trend on international markets acted as a drag on the growth of the DAX 30 share index on Friday. The technology stocks were particularly sluggish following the announcement by Ericsson that it was ending handset production. Siemens AG, the electronics giant, dropped by 2.7 per cent to 153 euros. There were losses too, for Epcos, the computer chip manufacturer (down 4.9 per cent at 93.10 euros), and Infineon Technologies AG, the semiconductor producer (down 3 per cent at 44.80 euros). |
