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Technology Stocks : Ericsson overlook? -- Ignore unavailable to you. Want to Upgrade?

To: Jim Oravetz who wrote (4665)	4/20/2001 4:54:24 AM
From: elmatador	Respond to of 5390

ERICSSON FIRST QUARTER RESULTS 2001 (Investor) -- Today, April 20, Ericsson released its first quarter results for 2001. The highlights are: Income before taxes of SEK 0.6 b.; slower market growth in telecommunications. GSM and ENGINE sales up more than 30%; overall sales down 4% for comparable units due to drop in mobile phones. Additional efficiency program immediately implemented to improve cash flow and restore profitability. Outlook: Q2 income before taxes will not improve compared with Q1*; unknown duration and magnitude of market slowdown prevents full-year guidance. Read the entire report