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Industry: Email Alert RSS FeedVendors dance amid better financials.(News)
RCR Wireless News, April, 2004
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Byline: SAM OMATSEYE
With bigger net incomes and increasing orders, wireless vendors blossomed with more optimism and richer cash flows than a year ago, signaling what industry watchers see as better times ahead.
However, stock-market gains remain modest.
L.M. Ericsson edged out market expectations in its fiscal first-quarter results with net income of $387 million, showing not only the resilience of the infrastructure business, but the company's strong position as a leader in mobile systems. The net income compares with a loss of $555 million in the year-ago period. ...
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