Mobile infrastructure giant Ericsson (ERIC -15.8%) isn't seeing any mercy after delivering a...

|By:, SA News Editor

Mobile infrastructure giant Ericsson (ERIC -15.8%) isn't seeing any mercy after delivering a weak Q4 report that featured a 20% Y/Y drop in North American sales, and confirmed existing fears of a soft telecom capex environment. A 640 bps Y/Y drop in Ericsson's gross margin is also a point of concern. Falling in sympathy: ALU -7.5%. JNPR -2.7%. CIEN -2.2%. TLAB -2.8%. (transcript)