Ericsson Drops During Pre-Market On Disappointing News

LM Ericsson Telephone Co. (ERIC) is down during pre-market trading on Monday after the company announced that is was not chosen to be North State Communications' video platform provider.

At 8:53 am ET the stock is trading at $8.88 down $0.52 from Friday's close. With the decline, the stock is indicated to open at a level that challenges some recent support.

by RTTNews Staff Writer

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