Word: ericssons
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...head is stuck in a tandoor. But Saurabh Kedia, 22, would never know it. The New Delhi native dips his flat naan bread into a dish of spinach curry in the air-conditioned comfort of a friend's private club. On the table lies Kedia's prized possession, an Ericsson feature-loaded mobile phone with PDA-like functions that cost him nearly $400, almost as much as an average Indian earns in a year. That night he plans to watch X2: X-Men United at a posh, newly built multiplex theater south of New Delhi and then sip cappuccinos with...
...them in a way that boosted Assa Abloy's stock twentyfold. When he left earlier this year, he took with him a personal fortune of $60 million. You might expect Svanberg, now 50, to ease into early retirement. But last month he took over as president and CEO of Ericsson, the sprawling Swedish telecom-equipment maker that's all locked up in a world of trouble. Ericsson hasn't turned a profit in more than two years. It's had four CEOs in five years and has laid off almost half of its once-mighty workforce...
...University graduate who took over as Investor's CEO in 1999, and his cousin Jacob, 47, who is vice chairman. The two are struggling to reverse huge losses in Investor's portfolio, whose net asset value per share almost halved last year as core holdings, including mobile-phone giant Ericsson and ABB, a Swedish-Swiss engineering firm, ran into serious trouble. The Wallenbergs' strategy: to use market weakness to boost their stakes in core holdings, among them bank SEB, Ericsson, ABB and appliance maker Electrolux. The Wallenbergs are making new investments in technology and have fostered a venture-capital...
Trouble with investments in Ericsson, ABB and technology firms has resulted in huge market losses in the past year for this family's industrial holding company, based in STOCKHOLM, SWEDEN...
...SONY ERICSSON P800 This silver-and-blue gizmo looks like a phone with a camera fused onto its backside, but the P800 packs a surprisingly decent PDA (using the Symbian operating system) under its lid as well. I admit I had my doubts at first. The cheap, plastic stylus and the miniature virtual keyboard that pops up onscreen do not immediately inspire confidence. But with a little practice, anyone with good eyesight and a steady hand can get used to writing with it. The PC software that Sony Ericsson includes for loading MP3s onto the phone never did work...