Posts Tagged ‘IT’

Ericsson to cut 5,000 jobs after 4rth Quarter profit dips by 31%

January 21st, 2009 by Manpreet | No Comments | Filed in tech news

The WallStreetJournal (WSJ) reports that Ericsson (ERIC) rose more than 10% in early trade Wednesday (today) as the company reported better than expected fourth-quarter sales.

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