What about the encore?

Was the second quarter Ericsson’s last hurrah? There’s no question that the Swedish telecom group’s results were excellent. Sales rose 18% compared to the same period last year, while operating profits rose 15%. Ericsson is cashing in on tremendous growth in mobile phones in Latin America, Africa, the Middle East and Central Europe. Sales to these areas grew 27% over the course of a year. To cap it off, management now thinks the overall mobile telecom equipment market will grow up to 9% in 2005....