Description: The two largest European makers of telecommunications equipment, Nokia and Ericsson, announced plans Thursday to continue or accelerate cost-cutting efforts in the face of rising competition, internal reorganizations and weak demand in North America.
Questions for discussion:
- How can management mitigate the stress on cash flow during this transition period?
- Could the damage done to the share value haveÃ‚Â been avoided?
- What would you advise investors to do now?