Network sales rose 29 percent. Ericsson is taking in more network orders as phone companies such as Vodafone AirTouch expand and upgrade their wireless networks to handle more subscribers and transmit data faster. The company sees total sales rising more than 25 percent this year. U.S. rival Lucent said yesterday Ericsson is strengthening its lead in wireless equipment. The company said it will stay in the phone-making business, as it is key to winning network orders.
Investors agree with that strategy.
We just have to trust Hellstroem that the company will have sorted out its phone business in 12 months' time. All Rights Reserved. Inc. All rights reserved.