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


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)

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  • Sam Liu
    , contributor
    Comments (3711) | Send Message
     
    "North American demand (fueled by LTE buildouts "

     

    Which entity of Ericsson did this? Anything to do with Nokia?

     

    Pardon my ignorance ...
    31 Jan 2013, 10:38 AM Reply Like
  • SA Editor Eric Jhonsa
    , contributor
    Comments (1163) | Send Message
     
    Ericsson is a major LTE infrastructure supplier to AT&T/Verizon/Sprint. They compete with Nokia Siemens (and Alcatel-Lucent) here.
    31 Jan 2013, 10:42 AM Reply Like
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