Ericsson Repeats Forecast, Despite Rival's Warning - TheStreet

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

(MOT)

. Ericsson was down more than 5% this morning.

Nokia

(NOK) - Get Report

was down 1.1% late.