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Technology Stocks : Ericsson overlook?
ERIC 9.500-1.3%10:15 AM EST
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To: elmatador who wrote (4697)4/27/2001 4:25:54 AM
From: Mika Kukkanen  Read Replies (4) of 5390
 
Please note this last comment from elmatador's post:
"Moody's Investors Service on Thursday lowered Ericsson's senior debt credit rating two notches to "A3" after the company reported its first loss from operations in nine years in the first quarter, according to Bloomberg News."

Now that was about the time first GSM networks were rolled out and put into service. Ericsson were in a similar state as we all went digital in the early 90s and we know how strong the company got up to around 2 years ago. So hang on in there and reap the rewards in 7 years time! For a lot of financial/stock watchers: It's a shame you know nothing about the industry. Communication is a lot easier nowadays and therefore we get a lot more "uneducated" commentaries from people outside the industry. the price we pay i suppose, but just remember there are some out there who have been in the mobile industry since its infancy (me) and others who helped give it a birth.
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