英特尔在一份声明中表示，其已"开始着手寻找战略投资者"。与Altera的交易类似，英特尔称其计划继 续作为网络业务分拆公司的主要投资者，"以便让我们能够从未来的增长中获益"。爱立信拒绝发表声 明，称其"不评论合作伙伴的业务情况"以及任何传闻和猜测。 智通财经APP获悉，据知情人士透露，瑞典电信设备制造商爱立信(ERIC.US)正与英特尔(INTC.US)就投 资其网络基础设施业务事宜进行谈判，投资金额达数亿美元。这些知情人士表示，此项投资将使爱立信 成为英特尔新分拆出来的网络及边缘业务(即 NEX)的少数股东。该业务长期以来一直为爱立信提供其无 线接入网络硬件所需的芯片。上述人士还称，英特尔已与其他潜在投资者进行了商谈，希望他们能与爱 立信一起投资该业务。该业务生产用于计算机和电信网络的芯片。 爱立信是英特尔的长期客户。近年来，英特尔一直难以跟上台积电(TSM.US)和三星电子等竞争对手的 步伐。前首席执行官帕特·格尔辛格去年因一项耗资巨大的计划(旨在将公司转型为其他企业的芯片制造 商)未能在足够快的时间内取得成效而被公司董事会解职。 此后，英特尔一直在削减成本，并试图出售非核心业务以增强自身财务状况。上周， ...

Core Insights - Ericsson has strengthened its partnership with SoftBank through a new commercial agreement focused on enhancing 4G and 5G networks in various regions of Japan [1][2] - The agreement includes the provision of Ericsson's Radio System products, covering low, mid, and high frequency bands, aimed at expanding 5G Standalone coverage and improving operational efficiency with AI [2][3] Group 1: Partnership Details - Ericsson will enhance SoftBank's networks in regions including Hokkaido, Tohoku, Kanto, Hokuriku, Tokai, and parts of Kansai [1] - The partnership aims to deliver an outstanding user experience for both enterprise and consumer customers in Japan, focusing on 5G Standalone deployment and AI utilization [3] Group 2: Technology and Products - Ericsson will supply its latest radio access network (RAN) products, including the Massive MIMO AIR 3255, which reduces energy consumption by up to 35% compared to previous models [4] - The RAN Compute provided by Ericsson is optimized for real-time AI execution, enhancing user experience, coverage, mobility, and spectrum efficiency while reducing energy consumption [5][6]

Core Insights - Ericsson has completed equity investments by twelve global communication service providers (CSPs) into its subsidiary Aduna, establishing it as a 50:50 joint venture [1][3] - Aduna aims to combine and sell aggregated network Application Programming Interfaces (APIs) globally, enhancing collaboration and innovation in the telecom industry [1][7] Company Structure - Aduna is co-owned by Ericsson and twelve CSPs, including AT&T, Bharti Airtel, Deutsche Telekom, KDDI, Orange, Reliance Jio, Singtel, Telefonica, Telstra, T-Mobile, Verizon, and Vodafone [2][3] - Ericsson holds 50% of the venture equity, while the remaining 50% is held collectively by the CSPs [3] Ecosystem Development - Aduna has built an impressive ecosystem in just ten months, comprising major telecom and ICT industry players, which will accelerate the adoption of network APIs globally [4] - The ecosystem includes partnerships with additional CSPs, technology companies, global system integrators (GSI), communication platform-as-a-service (CPaaS) companies, and independent software vendors (ISV) [4][5] Strategic Goals - The CEO of Aduna, Anthony Bartolo, emphasized the importance of the closing transaction as a motivation to drive the adoption of network APIs by developers [4] - Aduna aims to encourage more telecom operators to join the venture, further enhancing the industry and developer experience [4]

Core Viewpoint - Ericsson's performance in the Chinese market continues to decline, with a warning from CEO Börje Ekholm about a potential significant drop in market share and plans to adjust sales and distribution strategies starting in Q4 [1][5]. Financial Performance - In Q3, Ericsson's total sales amounted to 56.3 billion Swedish Krona, a 2% decrease from 57.5 billion Swedish Krona in the same period last year [3]. - The gross margin increased to 44% from 43.2% year-on-year, while the EBIT margin decreased slightly from 15.7% to 15% [3]. - Excluding the Chinese market, the network business sales grew by 8% year-on-year [3]. Market Challenges - In the Chinese market, Ericsson's sales accounted for only 5% of total revenue, halving compared to the previous year, primarily due to declines in network and digital services [4]. - The sales in China decreased by 3.6 billion Swedish Krona in Q3, marking a significant drop for two consecutive quarters [4][6]. - Competitors like Huawei and ZTE dominate the market, with Huawei holding approximately 60% of the market share in recent tenders [6]. Strategic Adjustments - Starting in Q4, Ericsson plans to reduce the size of its sales and delivery teams in China, which may lead to restructuring costs [6][7]. - Analysts suggest that without addressing underlying issues, mere restructuring may not yield significant improvements in market share [7].

Market Overview - The market capitalization of major US stocks shows varied performance, with Oracle at 762.30 billion, Mastercard at 321.36 billion, and Visa at 770.15 billion, reflecting increases of +0.66%, +0.86%, and +0.68% respectively [3] - Exxon Mobil's market cap is 679.53 billion, with a slight decrease of -0.98%, while Johnson & Johnson and Netflix show minor changes of -0.08% and -0.05% respectively [3] - Companies like Wells Fargo and Cisco have market caps of 270.15 billion and 279.59 billion, with respective increases of +0.98% and -0.58% [3] Notable Stock Movements - T-Mobile US Inc experienced a significant increase of +6.20%, reaching a market cap of 272.19 billion [3] - General Electric and Coca-Cola saw market caps of 285.05 billion and 298.76 billion, with increases of +0.37% and +0.91% respectively [3] - Companies like Disney and Goldman Sachs have market caps of 229.06 billion and 221.80 billion, with slight changes of +0.01% and -0.60% [3] Sector Performance - The technology sector shows mixed results, with Intel at 991.05 billion, down -3.28%, while AMD increased by +2.46% to 254.92 billion [5] - The consumer goods sector is represented by companies like Procter & Gamble and Coca-Cola, with market caps of 371.68 billion and 298.76 billion, showing slight increases [3][4] - The energy sector, represented by Exxon Mobil and Chevron, shows varied performance, with Exxon down -0.98% and Chevron up +0.66% [3] Summary of Key Companies - Oracle's market cap stands at 762.30 billion, reflecting a positive trend [3] - Mastercard and Visa show strong performance with market caps of 321.36 billion and 770.15 billion, both increasing [3] - Companies like Pfizer and Comcast have market caps of 1579.81 billion and 1332.00 billion, with Pfizer showing minimal change and Comcast down -3.16% [4][5]

Core Insights - Ericsson's stock has decreased by nearly 10% over the last five trading days despite a Q2 earnings report that exceeded expectations, attributed to macroeconomic concerns and cautious forecasts overshadowing margin improvements and a return to profitability [2][3] Financial Performance - The company reported an adjusted operating profit of SEK 7.0 billion (~$728 million), surpassing consensus estimates of SEK 6.1 billion, marking a recovery from a SEK 11.9 billion loss the previous year [3] - Gross margin increased to 47.5%, and EBITDA margin reached a three-year peak of 13.2%, indicating enhanced operational efficiency [3] - Revenue fell by 6% year-over-year to SEK 56.1 billion, impacted by a SEK 4.7 billion headwind from currency fluctuations, with organic growth limited to only 2% [4] Regional Performance - North America showed small gains, while significant declines were observed in India and Southeast Asia as telecom operators reduced expenditures following intense 5G rollouts [4] Market Challenges - Tariffs are squeezing margins despite efforts to localize production in the U.S., with management cautioning that these pressures could intensify [5] - Q3 forecasts fell short of expectations, with anticipated Networks sales expected to fall below seasonal patterns, while Cloud Software and Services are expected to keep pace with historical trends [5] Valuation Metrics - The stock is trading at a trailing P/E of approximately 14.5x, significantly lower than the S&P 500's 26.9x, and a forward P/E of 15–16x, marginally above its 10-year average of roughly 13x [6] - Price-to-sales ratio stands at 1.0x, aligning with its historical range, while price-to-free cash flow is merely 0.6 compared to 20.9 for the S&P 500 [6] Future Outlook - Sustained investor interest will likely depend on growth in underperforming regions, stabilization of tariff pressures, and margin enhancement beyond cost cuts [7]

Core Insights - Ericsson reported mixed second-quarter 2025 results, with adjusted earnings exceeding estimates while revenues fell short due to regional weaknesses [1][3][10] Financial Performance - Net income for Ericsson was SEK 4.6 billion ($476 million), a significant recovery from a loss of SEK 11 billion in the prior-year quarter, with adjusted earnings beating the Zacks Consensus Estimate [2][10] - Total revenues amounted to SEK 56.1 billion ($5.8 billion), down 6% year over year, and missed the Zacks Consensus Estimate of $5.94 billion, although organic sales improved by 2% [3][10] Segment Results - The Networks segment generated SEK 35.7 billion ($3.67 billion), a 5% decline from the previous year, missing revenue estimates of SEK 42 billion, but gross margin improved to 49.5% from 46.1% [4] - Cloud Software and Services revenues decreased by 5% year over year to SEK 14.4 billion ($1.49 billion), slightly below estimates, while gross margin improved to 43.2% from 37.2% [5] - The Enterprise segment reported SEK 5.5 billion ($569 million), down 14% from the prior year, but net sales exceeded estimates [6] Regional Performance - South-East Asia, Oceania, and India revenues fell to SEK 5.5 billion ($569 million) from SEK 7.7 billion, while North East Asia saw a 17% decline to SEK 3.8 billion ($393 million) [7] - Revenues from the Americas remained stable at SEK 19.8 billion ($2.04 billion), and Europe, Middle East, and Africa experienced a 6% decline to SEK 16.2 billion ($1.67 billion) [8] Other Financial Metrics - Gross income, excluding restructuring charges, improved to SEK 27 billion ($2.79 billion) from SEK 26.3 billion, with a gross margin of 48% compared to 43.9% in the previous year [11] - Cash generated from operating activities was SEK 4.2 billion ($434 million), with net cash of SEK 36.04 billion ($3.8 billion) as of June 30, 2025 [12] Outlook - For Q3 2025, revenues from Networks and Cloud Software and Services are expected to align with historical seasonality, with gross margin in the Networks segment projected between 48-50% [13]

Core Insights - The article highlights the investment strategies and performance of Chris Lau, an experienced investor and economist, focusing on undervalued stocks and dividend-growth income stocks [1][2]. Group 1: Investment Strategies - The investment group DIY Value Investing shares top stock picks that are undervalued and have upcoming catalysts that the market does not expect [2]. - The group also provides recommendations for dividend-income stocks that have a long history of dividend growth, including a printable calendar and quantitative scores [2]. - Additionally, there are speculative picks aimed at high-risk allocations with potential for significant returns, described as "moonshot" opportunities [2]. Group 2: Performance Metrics - The average return for public articles in 2023 is reported at 8.4%, an increase from 6.9% in 2022 and a notable rise from 29.9% in 2021 [2].

Table of Contents SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K REPORT OF FOREIGN ISSUER Pursuant to Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934 July 15, 2025 Commission File Number 000-12033 LM ERICSSON TELEPHONE COMPANY (Translation of registrant's name into English) Torshamnsgatan 21, Kista SE-164 83, Stockholm, Sweden (Address of principal executive offices) Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form ...

Core Viewpoint - Despite the negative impact of tariffs, Ericsson's second-quarter earnings exceeded expectations due to increased sales in high-profit countries, rising licensing revenues, and cost reductions [1] Group 1: Financial Performance - The net profit attributable to shareholders for the second quarter was 45.7 billion Swedish Krona (approximately 4.752 billion USD), surpassing FactSet analysts' forecast of 33.9 billion Swedish Krona [1] - Overall sales in the main network business declined by 5.3% in the first quarter [1] Group 2: Market Performance - Strong growth was observed in the North American market, while the European market showed slight growth [1] - Sales in the Indian market experienced a significant decline, attributed to low levels of network investment in the region [1] Group 3: Future Outlook - The CEO expressed optimism about continued growth in the Americas and stabilization in Europe [1] - The company noted that future uncertainties may increase, including potential changes in tariffs and broader macroeconomic conditions [1]