Ericsson reported its 3Q07 financial results at no surprise after the profit warning last week. Net profit was down 36% to €440m as well as the operating income at €620m. Sales were up 6% to €4.8bn. CFO Sundstroem decided to leave Ericsson, and is replaced by Hans Vestberg. For the coming few quarters, Ericsson CEO said current market conditions will prevail in 2008, but anticipates some recovery coming over the next few quarters. 4Q07 sales are expected to be about €5.8bn- €6.6bn, and margins could be slightly up in the mid-teens.