By Simon Johnson – World number one mobile network gear maker Ericsson (ERICb.ST) beat expectations for earnings and margins in the first quarter raising hopes that recent market weakness has bottomed out.
Ericsson said operators remained cautious due to the macroeconomic environment. Ericsson’s caution chimed with that of rivals Huawei and Nokia Siemens Networks which have warned the soft global economic outlook could prompt telecom carriers to cut investments.
Ericsson hinted at a pick up in the key North American market after six months of slack demand. “I don’t see the cautious operators there,” Ericsson Chief Executive Hans Vestberg said. more> http://is.gd/zDMRyd
