These are clearly great results, but in being so they make growth in 2006 all the more difficult to achieve. As a result we continue to believe that Ericsson is overvalued and reiterate our 'sell' recommendation.
More Quotes from Richard Windsor:
Management has been very slow to recognize there's a problem and do anything about it.Richard Windsor
If Nokia has problems, it has always been in the first quarter, and then it recovers toward the end of the year. If the first quarter is good, it's a good omen for the rest of the year.
Richard Windsor
It is interesting that the level of interest in these devices will be very low, but their actual importance is really high.
Richard Windsor
Business is going from strength to strength... The outlook for this division remains strong.
Richard Windsor
There has been a large number of new products, which have better margins than older products. The Multi Media business unit is scaling up nicely.
Richard Windsor
The cash flow was 1 billion better that my forecast that proves the company is not going bankrupt,
Richard Windsor
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