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To: Lucretius who wrote (218348)	2/3/2003 9:06:20 AM
From: JHP	Respond to of 436258

Stockholm, Feb. 3 (Bloomberg) -- The following are comments by Kurt Hellstroem, chief executive officer of Ericsson AB, the world's largest maker of mobile-phone networks. Hellstroem spoke at a press conference in Stockholm following the release of fourth- quarter earnings. Ericsson posted a seventh straight quarterly loss as clients cut spending amid slowing subscriber growth and mounting debt. On market outlook: ``The market will be flat to down 10 percent. As it looks now, it will be more towards the lower end of that. ``Customers are still reluctant, though the situation has started to calm down. It's not going up but it's not going down at the same frightful speed as before. ``We don't see any signs of an industry recovery. I don't want to lie to the market or to our employees -- things are still a struggle.''