I hate it when I'm right. Swedish mobile infrastructure giant LM Ericsson
Svanberg didn't do his shareholders any favors when he lowered the outlook for 2007 by "a couple percentage points," saying that the mobile infrastructure market should grow by about 5%, same as it did in 2006.
Ericsson is the hands-down global market leader for mobile network installations, leaving respectable competitors such as Cisco
The handset market is a different ball of wax altogether, and Ericsson's joint venture with Sony
A few irate readers emailed me after reading my forecast for Ericsson last night, wondering how the market could possibly punish a great result like the one everyone expected. Well, there's your answer, guys. If your CEO makes promises, you better make darn sure you can keep them -- and Ericsson couldn't.
Amazingly, none of these great companies have made it onto any of our Foolish newsletters yet. You could head over to our CAPS investor hive mind and tell us why you think Cisco or Motorola belong with the greatest investment ideas of our time -- or why they don't.