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Telefonaktiebolaget LM Ericsson (publ) (ERIC)

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
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7.95+0.12 (+1.53%)
At close: 04:00PM EDT
8.12 +0.17 (+2.14%)
After hours: 06:30PM EDT
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  • C
    Clodfelter
    ERIC looks like it is about to drop. Be careful guys. I have been reading (http://Achieverspot.tech) and their stocks have been doing way better.
  • A
    Abu
    SELF-IMPOSED FINE OF $6.2 BILLION? There is a lot of debate of the size of the additional corruption fine Ericsson may get. Without going into that debate, let me say that Ericsson's $6.2 billion purchase of Vonage (still not consummated) certainly feels like a self-imposed fine and I would feel even more so if I were an Ericsson shareholder. Many analysts have failed to see the logic of the acquisition and certainly the price tag is enormous for something of such uncertain value. https://www.fiercewireless.com/wireless/ericsson-acquire-vonage-whopping-62b
  • M
    Mark
    Ericsson fell 2.5% on Friday as the chance of it suffering a higher fine increased with the U.S. Securities and Exchange Commission (SEC) starting a separate investigation into the company's handling of misconduct in Iraq.

    U.S. agencies investigated the company earlier, with the result that Ericsson had to pay a $1 billion fine in 2019 as part of settlement of a bribery case. It also had to enter a deferred prosecution agreement (DPA).

    "We believe the combined penalty to be paid in this round of investigations is likely to be somewhat higher than the previous one, in light of the repetitive misconduct, the breach of the DPA and the corruption being in Iraq," Jefferies analysts said in response to news that the SEC was investigating.

    The Department of Justice (DoJ) had already begun doing so.
  • M
    MoonshotNOK
    Ericsson- dump it
  • a
    aldo
    More Ericsson paid propaganda drivel via News Direct. This time it’s phony pandering buzz word virtue signal garbage about their commitment to human rights. Of course it’s reposted drivel from 2021 as admitted in their disclaimer at the start of the propaganda but it is equally offensive seeing it in print a second time. Instead of taking Ericsson at their word which is proven to be no good over many years on many continents due to their actions let’s instead look at their actual deeds. I’m pretty sure anyone whose human rights may have been negatively affected by Ericssons bribery and potential money laundering which certainly helped finance ISIS terrorists would take a dim view of Ericssons claims. Sadly some of those people are dead like journalist Daniel Pearl who was beheaded by ISIS while being streamed to the world on YouTube (by guess whose equipment most probably). Let’s not forget soldiers, civilians and any freedom loving person ISIS does not agree with. I would say it is the height of hypocrisy for Ericsson to claim any moral high ground vis a vis Human Rights. They should be ashamed of themselves to put it mildly but no they keep repeating how virtuous they are despite the fact filled record showing clearly they are not. Obviously you must actually have a conscience and actually care about something other than money to be ashamed of yourselves….Just one dullards opinion….my own.
  • F
    Frank
    Somewhere I saw that Eric could be fined 10 billion dollars or more. I'm wondering if that could potentially cause BK? Just asking for a friend, are you still here Alfred?
  • J
    Jon B
    Company is strong fundamentally, indicators for growth are there, and financials are solid. This has good upside potential and a little SEC fine isn't going to change that. Buying and holding now.
  • E
    Eric
    Remember shorts I'm getting paid to hold this stock(dividend). We're not selling.
  • M
    Mark
    Does anybody have any idea how long it takes for DOJ to issue a big fine? My guess would be 1.5 Billion.
  • R
    Robert
    Potential lawsuits still hanging over their head. The government always wants its money!
  • F
    Frank
    Can anyone guess at when the price of Eric will drop below Nokia? It should be in the very near future. IMHO, hi Alfred, if you are still here.
  • M
    MoonshotNOK
    Fines are going to be massive and you can say goodbye to any government contracts! NOK is the way!
  • a
    aldo
    How many times have we warned that Ericsson has so many bad shoes yet to drop in the never ending saga of their dirty filthy unethical conduct over so many years on so many continents? Well the next bad shoe dropped a few hours ago that as predicted the SEC is opening its own investigation in Ericssons Iraq dealings etc. guess what the to e deaf shameless hacks at Ericsson did? They announced the SEC investigation in one presss release and then simultaneously released a paid propaganda puff piece about their carbon footprint reduction process that was originally released a year ago. Yup, that’s right, these clowns are rereleasing puff piece propaganda fluff via pay to play news direct while at the same ti e releasing the real actual news release about them being investigated by the SEC for their ISIS dealings. You cannot make up such tone deaf lunacy. It’s shocking, it’s shameless, it whistling through the graveyard……it’s …….it’s……..it’s……..Ericsson. Just one dullards opinion….my own
  • a
    aldo
    One day we will find out the whole truth of the extent of Ericssons dirty filthy unethical and yes illegal dealings on so many continents over so many years. Sadly, today is not that day and tomorrow isn’t looking good either. Meanwhile Ericsson will sit idly by while the market grinds its shareholders bones into bread like the old childrens tale goes. Ericsson needs to clean their whole rotten house and they are resisting that like a millennial resists physical labor……….just one dullards opinion…….my owm
  • *
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  • a
    aldo
    When a company with a history of corruption, bribery, anti competitive maneuvering, and a general corporate culture devoid of ethics, integrity and honesty starts paying News Direct to run propaganda buzz word filled virtue signal puff pieces claiming new found corporate cornerstones of Integrity and Corporate Ethical behavior it’s time to run for your life. If their latest puff piece paid propaganda garbage does t set off your BS detectors, it’s time to change the batteries in it. IMHO they cannot throw the book at this repeat offender dirty outfit hard enough, expensive enough, or punitively enough. Just one dullards opinion…..my own.
  • F
    Frank
    I'm sure happy that I dumped this dog 🐶 when it was$12.75 and bought more Nokia.
  • a
    aldo
    Ericsson fiddles while it’s shareholders burn. They could care less about shareholders. They do care about putting out stupid rehashed virtue signal buzz word paid propaganda with news direct. If they have nothing good to report currently which is the case, never fear, they will re release old fake news about carbon footprints and the like from last year and act like it s is current and that it is actually news and neither of those are truly accurate. The SEC ISIS investigation is very current and it is most assuredly news and the fact it is released by a real news service not a paid propaganda service like news news direct proves it. Just one dullards opinion….my own.
  • a
    aldo
    More of last years junk hollow words platitudes about ethics integrity and corporate responsibility from Ericsson recycled from last year and re released through aid propaganda News Direct like its some real news flash instead of fake news spin and old fake news at that. Just one dullards opinion……..my own.