22 Oct 08 Ericsson Has A Healthy Growth

Ericsson is a well known company in the telecom arena and has a tie ups with Sony in the production of mobile handsets that have been popularly known as Sony Ericsson handsets. Ericsson has had a good growth of 13% this quarter even though the entire worl is reeling in the shock of the economic let down. Their profits have come down by 28% mainly due to restructuring activities.