Wednesday, July 18, 2007

Ericsson May Say Profit Rose on Acquisitions, Orders in India, Germany

(Bloomberg) -- Ericsson AB, the world's largest
maker of wireless networks, may say second-quarter profit rose 21
percent, spurred by acquisitions and orders in India and Germany.

Net income probably reached 6.91 billion kronor ($1.04
billion), with sales rising 8.6 percent to 48 billion kronor,
according to a Bloomberg survey of 18 analysts. Sony Ericsson
Mobile Communications Ltd., the handset venture with Sony Corp.,
reported earnings that missed estimates last week.


Read more at Bloomberg Currencies News

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