Ericsson reported a third quarter 2008 sales increase of 13% from last year, amounting to SEK 49.2 billion (approx. US$ 6.7 billion). Sales in the first nine months amounted to 141.9 billion (approx. US$ 19.4 billion). Operating income amounted to SEK 5.7 billion (approx. US$ 800 million).

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“We had a good third quarter with strong traffic and revenue growth across all of our major geographies thanks to the underlying strength of our core search and ads business. The measurability and ROI of search-based advertising remain key assets for Google,” said Eric Schmidt, CEO of Google. “While we are realistic about [...]

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