Rumor Dents Ericsson
Ericsson described speculation that it may have to restate some earnings after uncovering some historical accounting irregularities as "groundless," while Lehman Brothers analyst Stuart Jeffrey cast some doubt on whether the positive first quarter results announced last week were underpinned by strong underlying business trends. (See Ericsson Spreads Q1 Joy.)
Check out this Reuters article for more details.
— Ray Le Maistre, International News Editor, Light Reading