Briefs: S&P revises down Ericsson outlook

October 26, 2005

Standard & Poor's revised down Wednesday its outlook for Swedish telecommunications group Ericsson to stable from positive.

The credit-rating agency said the downgrade was due to Ericcson's decision Tuesday to buy 75 percent of the assets of telecom group Marconi.

"Although Standard & Poor's acknowledges the strategic rationale for the Marconi transaction in the context of the medium-to-long-term expected developments in the industry, we note that the assets to be acquired will initially weaken Ericsson's earnings and cash flow generation and significantly increase its exposure to the weak wire-line telecoms equipment sector," credit analyst Leandro De Torres said in a news release.

Copyright 2005 by United Press International

Related Stories

Recommended for you

Researcher to talk at Black Hat on 'scary' area in Android

July 28, 2015

Does that cute little green robotic creature with two ear-sticks call up feelings of an open, friendly mobile operating system, aka Android? Wow, Monday stories were not about how cute and adorable is that little green creature. ...

Reshaping the solar spectrum to turn light to electricity

July 28, 2015

When it comes to installing solar cells, labor cost and the cost of the land to house them constitute the bulk of the expense. The solar cells—made often of silicon or cadmium telluride—rarely cost more than 20 percent ...

New blow for 'supersymmetry' physics theory

July 27, 2015

In a new blow for the futuristic "supersymmetry" theory of the universe's basic anatomy, experts reported fresh evidence Monday of subatomic activity consistent with the mainstream Standard Model of particle physics.

0 comments

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.