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Helsinki, KOMPAS.com - Ericsson AB end the first quarter of this year with a record of poor performance. In that period, profit-making companies in the world's largest wireless network is down to 27 percent.

By the end of March 2010, Ericsson is only able to membukukuan profit of 1.26 billion kronor (175 million U.S. dollars). In fact, in a similar period last year, the company is headquartered in Stockholm successfully made a profit of 1.72 billion kronor.

Ericsson Chief Executive Officer Hans Vestberg states, the company earnings fell because of the global handset market conditions are still bad. "The market conditions are weak in the second half of 2009 we experienced also in the first quarter of this year," said Vestberg, Friday (04/23/2010).

Under these conditions, he added, a number of telecommunications operators in developing countries brakes on their investment. "Operators in emerging markets are still cautious to invest," he added.

If this condition does not get better, Vestberg ensure efficiency measures will be his company. Last January, has said Vestberg, Ericsson will do as much manpower reduction program 6500 people, is greater than initial estimates that only 5,000 people. (Cash / Herry Prasetyo)