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Ericsson Q4 profit declines by 31%

China Daily | Updated: 2009-01-22 08:00

Ericsson Q4 profit declines by 31%

Ericsson CEO Carl-Henric Svanberg speaks at a news conference in Stockholm, Sweden. Bloomberg News

Wireless equipment maker LM Ericsson yesterday reported profits dropped 31 percent in the fourth quarter, citing restructuring charges and weaker handset sales, and said it would slash 5,000 jobs.

Ericsson Q4 profit declines by 31%

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