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extelecom

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extelecom

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Thursday, 04/01/2004 12:45:03 PM

Thursday, April 01, 2004 12:45:03 PM

Post# of 155
Ericsson surges

Telecom equipment operator Ericsson (SE:000010865: news, chart, profile) (ERICY: news, chart, profile) shares surged 6.7 percent, after saying that it will report first quarter gross margin higher than the level achieved in fourth quarter, 41.6 percent, on better than anticipated benefits of production cost cuts. The sales outlook for the first quarter remains unchanged, with a sequential decrease due to seasonality but moderate growth year-over-year. First quarter results will be unveiled later in April. See Ericsson story.


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