Company cites lower mobile-phone sales
Published:
14 March 2001 y., Wednesday
Swedish telecoms equipment maker Ericsson issued a profit warning on Monday saying it expected a pre-tax loss of $407-$509 million in the first quarter instead of a result close to break-even.
The company said sales would be flat or slightly lower instead of rising 15 percent as previously expected and that sales of mobile phones would be “considerably lower than in the first quarter of last year.”
The profit warning from the world’s third biggest mobile phone maker and leading network infrastructure supplier was a further sign of trouble in the recently battered technology and telecoms sector.
Šaltinis:
msnbc.com
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
President Bush named Deputy Defense Secretary Paul Wolfowitz to head the World Bank yesterday
more »
BZ WBK and Kredyt Bank will most probably change their names later this year
more »
Speaking in Zagreb last Thursday, OTP Bank Rt President-CEO Sándor Csányi confirmed rumors that Hungary’s leading commercial bank is considering the acquisition of an as yet unspecified bank in Turkey
more »
The governments of the United States and Azerbaijan formally signed a work-plan defining the mission of the Banking Supervision Project on Thursday, at the National Bank of Azerbaijan
more »
The price on Azerbaijan’s oil has reached a record high of $54.48 a barrel in history
more »
Those who pay bills online are happier with their bank and its security, report says
more »
Knocking off four zeros from its bank notes, Romania's new leu will not spark inflation and will lead to the currency becoming convertible in the next two years
more »
The National Bank of Greece, a leading institution in the country, scans possibilities for an aggressive extension of its activities on the Balkans, namely in Bulgaria and Romania
more »
Bulgaria's financial group DZI has sold a 35% stake in two of its main companies to major foreign investors
more »
The prosecutor’s office in the Siberian city of Krasnoyarsk has instigated criminal proceedings against Yukos trading arm Yukos-M
more »