Nokia: Ericsson Isn’t Surpassing Us
Shortly before Nokia (NOK) released its second-quarter results, Ericsson (ERIC) put out an announcement saying that it had won more business from Verizon (VZ). Since Verizon has been known to be a prominent Nokia customer, the announcement that Verizon was giving more of its business to Ericsson led to questions about whether Nokia was losing ground to its main competitor.