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Proc-Type: 2001,MIC-CLEAR
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<SEC-DOCUMENT>0001193125-07-109407.txt : 20070702
<SEC-HEADER>0001193125-07-109407.hdr.sgml : 20070702
<ACCEPTANCE-DATETIME>20070510093608
<PRIVATE-TO-PUBLIC>
ACCESSION NUMBER:		0001193125-07-109407
CONFORMED SUBMISSION TYPE:	CORRESP
PUBLIC DOCUMENT COUNT:		2
FILED AS OF DATE:		20070510

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ERICSSON LM TELEPHONE CO
		CENTRAL INDEX KEY:			0000717826
		STANDARD INDUSTRIAL CLASSIFICATION:	RADIO & TV BROADCASTING & COMMUNICATIONS EQUIPMENT [3663]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			V7
		FISCAL YEAR END:			0630

	FILING VALUES:
		FORM TYPE:		CORRESP

	BUSINESS ADDRESS:	
		STREET 1:		TELEFONPLAN S
		CITY:			STOCKHOLM SWEDEN
		STATE:			V7
		ZIP:			126 25

	MAIL ADDRESS:	
		STREET 1:		S 126 25 STOCKHOLM
		CITY:			SWEDEN
		STATE:			V7
		ZIP:			0000

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	LM ERICSSON TELEPHONE CO
		DATE OF NAME CHANGE:	19911030
</SEC-HEADER>
<DOCUMENT>
<TYPE>CORRESP
<SEQUENCE>1
<FILENAME>filename1.htm
<TEXT>
<HTML><HEAD>
<TITLE>Correspondence with the staff</TITLE>
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<IMG SRC="g59527logo1.jpg" ALT="LOGO"> </P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">May&nbsp;9, 2007 </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman"
SIZE="2">Reference: LME-07:001309 Uen </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">Larry Spirgel, Esq. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman"
SIZE="2">Assistant Director </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">Office of Telecommunications </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman"
SIZE="2">Division of Corporation Finance </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">Securities and Exchange Commission </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="2">100 F Street, NE </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">Washington, D.C. 20549 </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="2">U.S.A. </FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
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<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Re:</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>LM Ericsson</B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>Form 20-F for the fiscal year
ended December&nbsp;31, 2005</B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>Filed May&nbsp;18, 2006</B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT FACE="Times New Roman"
SIZE="2"><B>File Number 0-12033</B></FONT></P></TD></TR>
</TABLE> <P STYLE="margin-top:18px;margin-bottom:0px; margin-left:13%"><FONT FACE="Times New Roman" SIZE="2">Dear Mr.&nbsp;Spirgel: </FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px; margin-left:13%"><FONT FACE="Times New Roman" SIZE="2">On behalf of L.M. Ericsson (&#147;Ericsson&#148;) we hereby provide the following response to the comment letter of the staff of the Division of
Corporation Finance (the &#147;Staff&#148;) to Ericsson, dated April&nbsp;25, 2007, relating to the Form 20-F of Ericsson for the fiscal year ended December&nbsp;31, 2005. For ease of reference, the text of the comment in the Staff's letter has been
reproduced in italics herein. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px; margin-left:13%"><FONT FACE="Times New Roman" SIZE="2"><U>C32. Goodwill</U> </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:13%"><FONT
FACE="Times New Roman" SIZE="2"><I>Please refer to prior comment 2. We acknowledge the difficulty in distinguishing between the use of the information provided to your CEO in his role as segment manager and as CODM. We note that when multiple sets
of information is provided to your CODM, you are required under paragraph 13 of SFAS 131 to consider the nature of the business activities of each component, the existence of managers responsible for them, and the information presented to the board
of directors to identify a single set of components as constituting your operating segments. We note that financial information is provided to the Board of Directors for the business units within Systems segment. You indicate in your response that
this information is provided to the Board of Directors as ancillary product line information to enhance their knowledge about the technically complex systems business in order for the Board to better understand and evaluate the objectives,
strategies and performance of the Systems segment as a whole and to review resource allocation between Systems and the other segments. In this regard, we believe that your reason for providing this type of financial information to the Board of
Directors is consistent with the objectives described in paragraph 3 of SFAS 131. Therefore, although we acknowledge your arguments with respect to the nature of the business activities and the existence of managers responsible for them, we continue
to believe that each business unit represents an operating segment under SFAS 131. Our conclusion is based on the fact that financial information by business units is reviewed by your CODM and it is also presented to the Board of Directors.
Accordingly, each business unit should be considered a separate reporting unit under SFAS 142. Although we understand that following this approach you would not be required to recognize an impairment charge of goodwill at this time, you should
consider each business unit as a separate reporting unit for purposes of your future impairment test. Please revise or advise. </I></FONT></P>

<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:13%"><FONT FACE="Times New Roman" SIZE="2">In recognition of the Staff&#146;s view that each business unit represents an operating segment under
SFAS 131 and in order to resolve the comment, the Company will consider each business unit as a separate reporting unit for purposes of its goodwill impairment test for 2006. </FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px; margin-left:13%"><FONT FACE="Times New Roman" SIZE="2">We have completed our annual goodwill impairment testing for fiscal year 2006 and have determined that the fair value of each our reporting units
exceeded its carrying value as of December&nbsp;31, 2006, and therefore goodwill was not considered impaired. </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:13%"><FONT FACE="Times New Roman" SIZE="2">We further advise the Staff
that the Company reorganized its operating structure as of January&nbsp;1, 2007, and therefore has changed its segment reporting pursuant to the requirements of IAS 14 in fiscal year 2007. From 2007, three operating segments will be reported:
Networks, Professional Services and Multimedia. No financial information for parts of these segments is provided to the Board of Directors as from January&nbsp;1, 2007. </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:13%"><FONT
FACE="Times New Roman" SIZE="2">Since this reorganization changed the composition of our reporting units, we will follow the guidance in SFAS 142 paragraph 36 on reassigning assets and liabilities and reassign goodwill to reporting units for
purposes of our 2007 goodwill impairment test. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px; margin-left:13%"><FONT FACE="Times New Roman" SIZE="2">Sincerely yours, </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; margin-left:13%"><FONT FACE="Times New Roman" SIZE="2">TELEFONAKTIEBOLAGET LM ERICSSON (publ) </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; margin-left:13%"><FONT FACE="Times New Roman"
SIZE="2"><U>/s/ ROLAND
HAGMAN&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U> </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:13%"><FONT FACE="Times New Roman" SIZE="2">Roland Hagman </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; margin-left:13%"><FONT FACE="Times New Roman" SIZE="2">Telefonaktiebolaget LM Ericsson </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:13%"><FONT FACE="Times New Roman" SIZE="2">Vice
president </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:13%"><FONT FACE="Times New Roman" SIZE="2">Group Function Financial Control </FONT></P>
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