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COPYRIGHT 2005 Voxant Inc.
Original Source: CNBC/DOW JONES BUSINESS VIDEO
MICHELLE CARUSO-CABRERA, CNBC ANCHOR: First Motorola (MOT), then Nokia (NOK), now Ericsson reporting its quarterly results. The world`s largest maker of wireless networks says net income rose to $675 million, slightly below analysts` expectations. Gross margins, 45.2 percent from 47.1 percent a year ago, analysts were looking for 46.2. Operating profits jumped nearly 22 percent, while sales gained 14 percent. For his outlook on the business, we turn to Carl-Henric Svanberg, he is president and CEO of Ericsson and he joins us this morning from Stockholm.
Good to see you, sir.
CARL-HENRIC SVANBERG, PRES. & CEO, ERICSSON: Thank you.
CARUSO-CABRERA: And we remind our viewers that there is a satellite delay, so there will be a pause with the questions. There has been a lot of talk in the last couple of days about what is happening in pricing of handsets because...
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