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Ericsson Rises as Fourth Quarter Looks Healthier
Updated from 9:20 a.m. EDT
Ericsson (ERICY Quote) keeps on cutting, and for once investors are applauding.
The wireless infrastructure leader reported a wider-than-expected third-quarter loss Friday and projected that the wireless equipment market will contract in 2002. But the stock rose as investors took heart in the naming of a new chairman and cost-cutting progress. ...
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