tisdag, oktober 16, 2007

Ericsson & Svanberg

The Ericsson shares fell when the company today had to annonce that the profit during the third quarter of the year 'only reached six billion kronors' (650 million € or 850 million $).
The economical market is incomprehensible and strange in many ways.
Ericsson's profit this time last year was one third bigger than this one but there are no deficits. Unfortunately - or fortunately - economy is not a precise science (if it should be regarded as science at all) and it's mostly psychology governing the stock market.
I can't say I am sorry for Ericsson but I think it's a useful experience for the MD Carl Henrik Svanberg who needs some resistance as he earlier has been so sure of himself and his capacity.

As long as a company (enterprise) is succesful the head of the company often gets the credit and also wants to take the credit for the success.
When setbacks arrives they are seldom eager to take on responsibility.
In this case it would be a natural consequence for Svanberg to leave the enterprise and see to that a succesor is appointed.
When it comes to the 'ordinary worker' in lower positions this is often the case. They have to leave when there are re-organizations within the company caused by a reverse development.

Personally I use a Nokia mobile-/cell phone.

(Photo L.M. Ericsson copied from: http://www.sweden.se/upload/Sweden_se/english/articles/SI/2008/Strong%20innovation%20drives%20Sweden%20forward/Sweden_LarsMagnusEricsson.jpg)
(Picture logo Ericsson copied from: http://ceoworld.biz/ceo/wp-content/uploads/2009/07/ericsson-logo-blue.jpg)
(Photo Carl Henrik Svanberg copied from: http://www.cbsnews.com/i/tim//2010/06/12/svanberg_NEW_370x278.jpg)
(Photo Nokia 9300i copied from: http://www.filesaveas.com/images/nokia9300.jpg)

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