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Ericsson Becomes ERIC

NASDAQ has decided that by January 2007, they will make the formal switch to a platform that handles symbols with up to four letters

August 24, 2006

1 Min Read

SAN FRANCISCO -- In 2005, NASDAQ changed the requirement that companies listing an ADR on the exchange must carry a "Y" at the end of their trading symbol.

NASDAQ has decided that by January 2007, they will make the formal switch to a platform that handles symbols with up to four letters. They have stated that this action is being taken to "enhance the resiliency of the U.S. capital markets by enabling NASDAQ to provide full disaster recovery capabilities for all NYSE- and AMEX-listed securities."

Ericsson has been listed on NASDAQ since 1978.

The 10:1 ratio to the ordinary B shares and the Cusip number (294821608) are unaffected.

Ericsson AB (Nasdaq: ERIC)

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