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Technology Stocks : Ericsson overlook?
ERIC 9.390-0.1%3:59 PM EST
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To: Leif V Singman who wrote (1073)12/3/1997 10:16:00 AM
From: Guy E. Fleming  Read Replies (1) of 5390
 
It would be astounding if Ericsson cut 10,000 of their approximately 99,000 employees when business is booming. That's a 10% reduction!

As of September, order bookings were up 41% over the prior year. There was some weakening in orders booked in the Asian market although they were still reporting a sharp total increase in net sales and orders for the area. This doesn't seem like a company that's needing to cut staff drastically.

Reality? Last chance to grab some Ericsson in the thirties!
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