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Optical/IP

Ericsson Hangover

8:40 AM -- Ericsson AB (Nasdaq: ERIC) is suffering a financial hangover today following Tuesday's admission that the fourth quarter is shaping up to be as limp as a lettuce leaf in a sauna. (See Ericsson Predicts Weak Q4.)

Having seen its share price take a tumble on the New York Stock Exchange (NYSE) on Tuesday, Wednesday morning saw its stock dive by nearly 4.4 percent to 15.30 Swedish Kroner on the Stockholm exchange.

It wasn't only Ericsson that suffered, though, as the Swedish giant's morning-after sickness turned out to be contagious: Alcatel-Lucent (NYSE: ALU) saw its share price fall nearly 5 percent to €5.03 in Paris Wednesday morning.

That means AlcaLu's stock has fallen by more than 50 percent this year. That's quite a milestone…

— Ray Le Maistre, International News Editor, Light Reading

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