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Ericsson, STMicroelectronics form joint venture

AP — Wed, 20 Aug 2008 13:50:56 +0000

Swedish wireless equipment maker LM Ericsson AB and Swiss chip-maker STMicroelectronics NV unveiled plans Wednesday to create a 50-50 joint venture that will make a key component known as chipsets for mobile...

Sony Ericsson profit tumbles, plans to cut 2K jobs

AP — Fri, 18 Jul 2008 16:41:56 +0000

Mobile phone maker Sony Ericsson on Friday posted a 97 percent drop in second-quarter earnings and said it would slash 2,000 jobs worldwide in a move to cut costs.The LM Ericsson and Sony Corp. joint venture blamed the earnings decline on tougher...

Sony Ericsson: steep drop in 2Q profit

AP — Fri, 18 Jul 2008 12:38:01 +0000

Mobile phone maker Sony Ericsson is reporting a steep 97 percent drop in second-quarter earnings as tougher market conditions hurt its sales.Net profit at the joint venture of Tokyo-based Sony Corp. and Stockholm-based LM Ericsson fell to 6 million...

Sony Ericsson issues profit warning for 2Q

AP — Fri, 27 Jun 2008 14:26:00 +0000

Mobile phone maker Sony Ericsson warned Friday that it will just break even in the second quarter as worsening market conditions cut into sales.Shares of the Stockholm-based company tumbled nearly 10 percent to 60 kronor ($10.02).Ericsson...

Ericsson shares up jump 25 percent on 1Q report

AP — Fri, 25 Apr 2008 10:59:15 +0000

Wireless equipment maker LM Ericsson AB on Friday said its first-quarter profit fell 55 percent, which was better than expected, and the company’s shares soared more than 25 percent.Net profit in the first three months of 2008 was to 2.7...

Slowing sales drag Sony Ericsson 1Q down 48 percent

AP — Wed, 23 Apr 2008 10:54:49 +0000

Mobile phone maker Sony Ericsson on Wednesday reported a 48 percent drop in first-quarter net profits, citing slower sales growth in some of its markets.Shares in the LM Ericsson AB and Sony Corp. joint venture plummeted more than 7 percent last...

Ericsson Deals With China Worth $1.44B

AP — Mon, 14 Apr 2008 12:35:02 +0000

LM Ericsson AB signed contracts with Chinese mobile operators China Mobile and China Unicom worth a total of $1.44 billion, the wireless equipment maker said Monday.Ericsson said the two contracts will expand the companies’ Global System for...

Sony Ericsson Makes Profit Warning

AP — Wed, 19 Mar 2008 12:51:39 +0000

Mobile phone maker Sony Ericsson on Wednesday warned that falling growth in the market for mid- and high-range handsets would have a negative impact on its sales and profits in the first quarter.The joint venture between Sweden’s LM Ericsson...

Ericsson Did Not Violate Exchange Rules

AP — Mon, 10 Mar 2008 11:29:36 +0000

Wireless equipment maker LM Ericsson AB did not violate the OMX exchange’s listing regulations by making an announcement about sales forecasts at an analyst conference last year, OMX concluded Monday.The Nordic stock exchange’s...

Sony files patent for water and dust proof removable cellphone covers

Nishant — Sat, 23 Feb 2008 10:06:55 +0000

Mobile phones go to hell when treated with water or dust (accidentally, I mean). Even a thought of my phone getting wet gives me shivers. Well, Sony Ericsson wants to take care of my worries (and yours too) as their new patent deals with...