Ericsson posted strong fourth-quarter results as sales climbed 26% year-over-year and 16% quarter-over-quarter. The improved performance was led by good sales in Latin American, North America (Cingular) and Asia (non-China). Perhaps Ericsson’s healthier wireless results will bode well for Nortel’s fourth-quarter results, which should come out in the next week or so.
Strong Ericsson Sales
Ericsson posted strong fourth-quarter results as sales climbed 26% year-over-year and 16% quarter-over-quarter. The improved performance was led by good sales in Latin American, North America (Cingular) and Asia (non-China). Perhaps Ericsson’s healthier wireless results will bode well for Nortel’s fourth-quarter results, which should come out in the next week or so.