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Ericsson slides despite posting $667M profit.(News)

Publication: RCR Wireless News

Publication Date: 25-OCT-04
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COPYRIGHT 2004 Crain Communications, Inc.

Shares of L.M. Ericsson dropped despite a strong showing in its third-quarter earnings report.

Because the company experienced a 2-percent sales dip in its infrastructure business compared with the previous quarter, the market responded with an 8.4-percent slide in its share value to $28.98.

The infrastructure player maintained its...

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