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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?


To: StanX Long who wrote (63141)4/23/2002 11:57:15 PM
From: StanX Long  Read Replies (1) | Respond to of 70976
 
Ericsson Reports Q1 Loss, to Cut 17,000 Jobs

host.wallstreetcity.com

Boston, Apr 22, 2002 (MidnightTrader via COMTEX) -- Ericsson (ERICY) is shifting lower this morning on light Instinet volume after the company reported a Q1 loss and said it plans to cut about 17,000 jobs.
The maker of mobile-phone networks said it recorded a loss of 2.97 billion kronor, versus a profit of 424 million kronor in the year ago quarter.

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