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Ericsson shares plunge 29% as profits slump
Shares in telecoms equipment maker Ericsson plunged more than 29 percent on Tuesday, their biggest intraday fall on record, after the firm said third-quarter earnings were well short of expectations. Details... more...
Brazil police arrest Cisco executives on tax fraud
Brazilian police arrested at least 40 people, including senior executives at Cisco Systems Inc., in a massive tax fraud investigation targeting the U.S.-based technology and network company, authorities said. Details... more...
Spansion posts loss on flat sales
Spansion Inc. reported sales of $611 million in the third fiscal quarter, compared to net sales of $609 million in the second quarter
5b4
of 2007. Details... more...