Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 169.27

-4.8%

Jan 12 3:59 PM EST

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To: Mike Torrence who wrote (116027)	3/27/2002 8:15:48 AM
From: John Hayman	Read Replies (1) of 152472

Wednesday March 27, 7:45 am Eastern Time Ericsson sees no market turnaround STOCKHOLM, March 27 (Reuters) - Telecoms equipment major Telefonaktiebolaget LM Ericsson sees no signs of a turnaround in the company's markets, its chief executive said on Wednesday. ``We see no signs that it (the market) has turned,'' CEO Kurt Hellstrom said. ``The point of departure in our planning is that it will not turn this year.'' Ericsson, which made a record 30 billion crown ($2.91 billion) loss in 2001, is the world's leading maker of wireless telecom network infrastructure equipment. Hellstrom was speaking at a news conference before the group's annual meeting.

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