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Pastimes : G&K Investing for Curmudgeons

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To: DownSouth who wrote (3979)7/21/2000 12:31:12 PM
From: StockHawk  Read Replies (2) of 22706
 
if any are long Ericsson, I have some bad news for you.

Ericsson sees handset loss
--9:24 am - By Tomi Kilgore
Ericsson (ERICY: news, msgs) is losing 2 3/16, or 9.7 percent, to 20 3/8 in pre-market trading, after
the company warned that problems in its handset business would trim third-quarter profits. Kurt
Helstrom, president of the Swedish mobile telecom group, said the handset division would lose money
this year, but promised restructuring that would restore profitability within 12 months.
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