ERICSSON: STILL POSSIBLE TO REACH 10% MARGIN 2000
STOCKHOLM (Direkt) Ericsson still expects it to be
possible to reach an operating margin of 10% for the full
year 2000. The company's long-term target is for a margin of
10% and an annual sales growth of 25%, said Gary Pinkham,
head of investor relations at Ericsson, at Prudential's
analyst conference Wednesday according to Prudential.
Pinkham also reiterated Ericsson's forecast of 425
million sold mobile phones this year. New users are seen
driving that figure this year.
Ericsson expects to keep its mobile phone market
share in the third quarter while boosting its share in the
network area, Pinkham said.
Also at the conference, it became known that
Ericsson is part of 13 out of the 17 reference agreements
that have been reached for 3G so far. Of those 13 contracts,
Ericsson has been named main supplier in 10, Prudential
wrote.
According to Pinkham, Ericsson has made considerable
investments in 3G, around 4.5 billion dollars in research,
which corresponds to about 25,000 engineers. /KB-PG
Artikelnummer: 19268 |
