Ericsson down 25% that means: 16 bln $ marketcap loss. Some parties can deal with that, like Fidelity with 1% ownership. But there are also parties that will take a big hit. Lazard Asset Management is an institutional holder with 0.38% of shares Ericsson.. Marketcap is only 2.5 bln $ for LAZ. Watch this stock dive @ open today
LAZARD ASSET MANAGEMENT LLC 5,616,040 .38 $224,023,835 30-Jun-07 by my calculation they lost 60mil overnight, that can't be good for their stock today!