Ericsson Repeats Forecast, Despite Rival's Warning
Ericsson
(ERICY)
was down 2.8% in late trading after it said it is maintaining its previous fourth-quarter forecast. The Swedish mobile phone company made its announcement in response to today's warning from rival
Motorola
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TheStreet Recommends
(MOT)
. Ericsson was down more than 5% this morning.
Nokia
was down 1.1% late.
