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Dark clouds hang over Ericsson, some light peeping through for Nokia

Ericsson ‘s new CEO presided over his second set of quarterly results since taking the helm, and acknowledged it will take several quarters to turn this ship. Nokia appeared to be profiting from its rival’s troubles, though its own first quarter figures were hardly shiny – revenues fell year-on-year, but only by 4%, an improvement on the year-ago figure of 13%, which hinted at a recovery around the corner. But the shadow of Huawei looms over both Nordic vendors, raising questions over how far they can ever really turn themselves around and return to past glories. Ericsson CEO Börje Ekholm is in the midst of the latest effort to restructure the company for the new realities of the telecoms world.…

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