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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.
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