Ericsson (ERIC +9.9%) has surged to new 52-week highs after trouncing Q4 estimates thanks to...

|By:, SA News Editor

Ericsson (ERIC +9.9%) has surged to new 52-week highs after trouncing Q4 estimates thanks to very strong North American demand (fueled by LTE buildouts from U.S. carriers). The mobile infrastructure leader also saw healthy Japanese demand and 19 new contracts for its Smart Services Routers, which handle both mobile and wireline traffic. China (declining 2G orders) and India (low investment activity) were relatively soft. Alcatel-Lucent (ALU +5.8%) is up in sympathy. (PR - .pdf)