Sunday, June 10, 2007

Limited shares should rise into the $30s-Barron's

(Reuters) - Barron's said there is skepticism on Wall Street that
Limited can deliver on its restructuring plans, which is why
its stock price is 20 percent below its late-2006 high and
trades at a modest 14 times expected 2008 earnings.




Barron's said Victoria's Secret and Bath & Bodyworks
dominate their categories, have impressive profit margins and
are in niches with attractive long-term prospects.


Read more at Reuters.com Mergers News

Ericsson signs $1 billion China GSM deal

(Reuters) - "The most important thing was that we signed a contract today for deliveries of $1 billion worth of telecoms equipment. We have a third of the telecom market in China so this was another significant step in that development," Svanberg told reporters at the ceremony.




Ericsson said the new framework agreement would see it supply core and radio network equipment, along with related technical support and services, to China Mobile as it expands GSM coverage in 19 regions of China.


Read more at Reuters.com Business News