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Technology Stocks : Ericsson overlook?
ERIC 9.325-1.8%3:59 PM EST
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To: Jim Oravetz who wrote (4621)3/29/2001 12:33:25 PM
From: Puck  Read Replies (1) of 5390
 
The cost savings cited in the article from Ericsson's recent restructuring are understated by two orders of magnitude. The most recently announced lay-offs are to save $2 billion/year, not $20 million. That's in addition to the prior restructuring designed to save an additional $1.5 billion.
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