Saturday, February 3, 2007

Feb 3

Spook:
What spooked the market even more was that Ericsson said it now expects "mid-single digit" growth this year, which the Street interprets to mean 5%.

upstream:
To escape sagging prices, telecom suppliers are trying to move upstream by delivering more "value-added" professional services, such as consulting, maintenance, and even outsourced network management.

stand someone in good stead:
That lead should stand Ericsson in good stead this year, when the wireless infrastructure market worldwide could grow just 2% to 4%, according to Nomura Securities.

exploitation:
Facing mounting accusations of Chinese exploitation of African labor and resources

convene
If that fails, a WTO hearing panel will be convened and if the United States wins the case, it will be allowed to impose economic sanctions on Chinese products.



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