Ericsson raises hopes mobile gear market stabilized

By Simon Johnson – World number one mobile network gear maker Ericsson (ERICb.ST) beat expectations for earnings and margins in the first quarter raising hopes that recent market weakness has bottomed out.

Ericsson said operators remained cautious due to the macroeconomic environment. Ericsson’s caution chimed with that of rivals Huawei and Nokia Siemens Networks which have warned the...