ericsson (lm) tel-sp adr
(ERIC:NASDAQ GS)
ericsson (lm) tel-sp adr (ERIC) Snapshot
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Open
$11.69
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Previous Close
$11.70
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Day High
$11.73
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Day Low
$11.64
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52 Week High
03/15/13 - $13.46
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52 Week Low
07/17/12 - $8.23
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Market Cap
38.5B
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Average Volume 10 Days
2.9M
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EPS TTM
--
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Shares Outstanding
3.0B
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EX-Date
04/10/13
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P/E TM
--
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Dividend
$0.42
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Dividend Yield
3.60%
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ericsson (lm) tel-sp adr (ERIC) Related Businessweek News
ericsson (lm) tel-sp adr (ERIC) Details
Ericsson provides telecommunications equipment and services to mobile and fixed network operators worldwide. It operates in four segments: Networks, Global Services, Support Solutions, and ST-Ericsson. The Networks segment delivers products and solutions for mobile access, Internet protocol (IP) and transport networks, and core networks. This segment’s products include radio access solutions; IP and transport solutions; transmission/backhaul solutions, which include microwave (MINI-LINK) and optical transmission solutions; switching and IP multimedia subsystem solutions; and operations support systems, as well as supports operators’ management of existing networks. The Global Services segment delivers managed services, including solutions for designing, building, operating, and managing networks or solutions; maintenance and network sharing solutions; shared solutions; and broadcast and managed services. This segment also offers product-related services comprising services to expand, upgrade, restructure, or migrate networks; network-rollout services; and customer support and network optimization services, as well as provides consulting and systems integration services that include technology and operational consulting, integration of multi-vendor equipment, design and integration, and transforming programs; and industry specific solutions. The Support Solutions segment offers operations and business support systems, which enable networks and services management, and customer interaction and revenue management; television (TV) and media management services that enable operators, broadcasters, and content owners to create multiscreen TV; and M-commerce software solutions and hosted services. The ST-Ericsson segment offers modems and ModAps for handset and tablet manufacturers. Ericsson was founded in 1876 and is headquartered in Stockholm, Sweden.
ericsson (lm) tel-sp adr (ERIC) Key Developments
Ericsson announced the appointment of Peter Nyquist and Elisabeth Manzi as Head of Investor Relations and Head of the Corporate Communications team respectively. Peter Nyquist has a long background in investor relations and financial communication and since 2006 holds the position as Senior Vice President Investor Relations and Financial Information at Electrolux. In his new position, effective during the month of September, he will report to Helena Norrman, Head of Group Function Communications with close relations also to the CFO office. Nyquist will be part of the Communications Leadership Team and succeeds Åsa Konnbjer who has been acting in the role since February 2013. Manzi has for the past 13 years held various communications positions within Scandinavian Airlines (SAS), most recently as Head of Media Relations SAS. In her new position, effective August 1, 2013, she will lead the Corporate Communications team within External Communications and report to Ola Rembe, Head of External Communications, Group Function Communications. Manzi fills a vacancy in the organization.
Ericsson initiated union negotiations to close down its telecom cables operation within business unit Networks. In Europe there is more production than demand for both copper and fiber cables. The announcement primarily impacts the operations in Hudiksvall and Stockholm. A notice of reduction of 318 positions in Hudiksvall is given, and a dialog with the unions in Stockholm for how to close down 36 positions in Stockholm is initiated. Union negotiations expected to be completed during the third quarter 2013.
Ericsson and Verizon Wireless announced that they will be partnering to begin the deployment of small cells in the operator's 4G LTE network this year. Adding small cells will help increase the capacity in Verizon's 4G LTE network, enabling it to continue providing high quality and reliable mobile broadband service to its customers. The small cell deployment is the latest step in Ericsson's ongoing cooperation with Verizon as the operator rolls-out its 4G LTE nationwide network. Small cell deployment is a key part of Ericsson's heterogeneous network strategy. By integrating small cells as part of the macro mobile network, operators can cost effectively provide increased network capacity and improved coverage. It also provides full-service transparency in the network, ensuring that VoLTE, eMBMS and similar functionality work seamlessly in the network.
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Industry Analysis
ERIC
Industry Average
| Valuation | ERIC | Industry Range |
| Price/Earnings | NM | Not Meaningful |
| Price/Sales | 1.1x |
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| Price/Book | 1.8x |
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| Price/Cash Flow | NM | Not Meaningful |
| TEV/Sales | 0.6x |
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