Ericsson changes NASDAQ ticker symbol to ERIC
August 24, 2006, As of market open on August 24, 2006, Ericsson (NASDAQ:ERICY) American Depositary Receipts will trade on NASDAQ under the new ticker symbol “ERIC”.
In 2005, NASDAQ changed the requirement that companies listing an ADR on the exchange must carry a “Y” at the end of their trading symbol.
NASDAQ has decided that by January 2007, they will make the formal switch to a platform that handles symbols with up to four letters. They have stated that this action is being taken to “enhance the resiliency of the U.S. capital markets by enabling NASDAQ to provide full disaster recovery capabilities for all NYSE- and AMEX-listed securities.”
Ericsson has been listed on NASDAQ since 1978.
The 10:1 ratio to the ordinary B shares and the Cusip number (294821608) are unaffected.
Ericsson is shaping the future of Mobile and Broadband Internet communications through its continuous technology leadership. Providing innovative solutions in more than 140 countries, Ericsson is helping to create the most powerful communication companies in the world.
Read more at http://www.ericsson.com
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- Contact Information
- Kathy Egan
- Communications, Ericsson US
- Ericsson
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