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Technology Stocks : Ericsson overlook?

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To: elmatador who wrote (4906)	12/17/2001 9:46:43 AM
From: Eric L	Read Replies (4) of 5390

re: SonyEricsson JV >> SonyEricsson To Report An Initial Loss Cellular News December 16, 2001 Ericsson's chief executive Kurt Hellstrom has been reported as saying that the handset joint venture with Sony is now expected to report a small loss in its first year. This is in marked contract to the break even point that the company had been expecting when it was announced earlier this year. Hellstrom was speaking to the business daily, Dagens Industri and said that the company will show a profit in 2002. "Now we are seeing that it will be difficult to reach breakeven, which is what we initially calculated with, because some things have changed," Hellstrom was reported as saying. He did not specify what had caused the change in the profitability target. << - Eric -

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