Ericsson AB is betting on cloud technology to capture as much as possible of the $1.2 trillion market it expects fifth-generation mobile broadband services to spur, Chief Executive Officer Borje Ekholm said. “5G is really starting to happen,” Ekholm said in an interview with Bloomberg TV at the Mobile World Congress in Barcelona.
Category: Appliances
Nordic Tech `Miracle’ Delivers 30% Returns for $1 Billion Fund
Ignoring its global mandate to invest in Apple Inc. and Facebook Inc. is delivering top returns for this technology fund. The Swedbank Robur Ny Teknik fund just focuses on small, “innovative” companies in Scandinavia with a heavy concentration in medical technology.
Snap-On: Cramer’s Top Takeaways
Did you miss last night’s “Mad Money” on CNBC ? If so, here are some of Jim Cramer’s top takeaways. In his first “Executive Decision” segment, Cramer again sat down with Nick Pinchuk, chairman and CEO of Snap-On , the toolmaker that just posted a six-cents-a-share earnings beat on a 4.5% increase in revenue and expanding gross margins.
How Smart Money Can Survive the Trump Era, as Seen From Sweden
Michael Livijn, who as Nordea Bank AB’s chief investment strategist makes recommendations that guide about $100 billion, says don’t expect a bloodbath if elections in Europe this year unleash a populist wave like the one that propelled Donald Trump into the White House. That’s because crisis fatigue has led to increasingly rapid market corrections.
On Ericsson CEO’s Do-List: Reality Check, Then Hard Decisions
Borje Ekholm, the veteran executive brought in to turn around Swedish network-equipment maker Ericsson AB, faces tough decisions on staffing, competition and balance-sheet management that will test the former Investor AB chief’s ability to right the ship after a tumultuous 2016. Ekholm, a long-time board member at Stockholm-based Ericsson, takes over as chief executive officer on Monday at a company that saw its share price plummet 35 percent last year amid steep revenue declines, fierce competition from Chinese rivals, and dwindling carrier spending as large investments in fourth-generation wireless gear largely wound down.
Good Luck With This One FTC: Craftsman Tries Becoming Competitor to Itself
The deal is unusual because Stanley will lease the brand back to Sears and two different versions of the Craftsman brand will compete against each other. Stanley Black & Decker ‘s plan to acquire the storied Craftsman tool brand from Sears Holdings for up to $900 million will force the Federal Trade Commission to grapple with some novel antitrust questions.
Why Whirlpool Could Have More Upside
In October, when Whirlpool stock was stuck in the $160s, I thought it could get to $180 . Now that it’s there, now what? Whirlpool was never a revenue growth story.
Stanley Black & Decker’s Willingness to Change Make Shares a Buy
This toolmaker may not be a “sexy” stock, but the 150-plus year old company is in the midst of a transformation. Stanley Black & Decker is an American toolmaker with more than 150 years of history, but it is embracing change.
SCA Enters Wound Care With $2.9 Billion Deal Ahead of Spin
Svenska Cellulosa AB will acquire BSN Medical for 2.74 billion euros as the Swedish maker of Velvet tissues expands into wound care and orthopedics ahead of a planned split from forestry products. The purchase of the dressings-and-bandage maker from private equity firm EQT Partners AB, to be funded through debt, is expected to generate annual synergies of 30 million euros within three years, the Stockholm-based company said in a statement on Monday.