Actionable news
0
All posts from Actionable news
Actionable news in ERIC: Ericsson,

Ericsson defends practices as report questions revenue accounting

The exterior of Ericsson's headquarters is seen in Stockholm April 30, 2009.

Swedish telecom equipment maker Ericsson (ERICb.ST) defended its accounting practices after a newspaper questioned the way it booked future sales which had yet to be invoiced.

The company denied any wrongdoing and said in an emailed statement that "the claim that Ericsson in an inaccurate way has reported revenues in...


More