Cell phone cuts create a bonus for Atlanta Nov 19, 2009
The joint venture between Sweden's LM Ericsson and Japan's Sony Corp. will consolidate product development operations by closing sites in Research Triangle Park; Seattle; Miami; San Diego; Kista, Sweden; and Chennai, India, spokeswoman Stacy Doster said. The site closures are new elements of a plan announced in April to cut worldwide staff of 10,000 by 20 percent at the joint venture between Sweden's LM Ericsson and Japan's Sony Corp., Ms. Doster said. (The Augusta Chronicle)
Sony Ericsson moves to Atlanta, closes sites Nov 19, 2009
The closure is part of a plan announced in April to cut worldwide staff of 10,000 by 20% at the joint venture between Sweden's LM Ericsson and Japan's Sony, Doster said. About 1,600 jobs remained to be cut to meet that goal by the middle of next year, she said. (USA Today -- Money)
Sprint Plans to Cut up to 2,500 Jobs Nov 10, 2009
It is also transferring 6,000 employees to LM Ericsson AB, a Swedish contractor that is taking over management of Sprint's network. Sprint has been seeing subscribers defect to larger carriers AT and Verizon Wireless for a while. (ABC News -- Wire)
Sony Ericsson XPERIA(TM) X10 introduces an open and integrated world of social media, communication and entertainment Nov 3, 2009
- XPERIA(TM) X10 is the flagship phone in a family of phones coming to market during the first half of 2010. The reaction from our global operator partners to the XPERIA X10 has been extremely positive and we will be rolling out across the world including Japan from the first half of 2010. (Canada Newswire)
Global telecom vendors make a beeline for India Oct 29, 2009
The current CFO and executive vicepresident of the worlds largest telecoms gear marker LM Ericsson AB, Hans Vestberg, who is set to take over as CEO of the Swedish firm from January 1 will also be seen in Delhi next month. Ben Verwaayen, CEO of Alcatel-Lucent, the worlds third-largest telecoms gear vendor, is also headed for India in early November, an executive with the company confirmed to ET. A Huawei executive said the companys chairperson is likely to be in India before... (India Times)
Ericsson's new CEO to also become financial chief Oct 26, 2009
(AP) STOCKHOLM - Swedish wireless equipment maker LM Ericsson AB on Monday said Jan Frykhammar will replace Hans Vestberg as the company's financial chief in addition to his new role as chief executive. Frykhammar, who currently works as head of the business unit Global Services, will start his new positions on Jan. 1. (OregonLive, OR -- Business)
Truck maker Volvo posts 3Q loss as sales fall Oct 23, 2009
Wireless equipment maker LM Ericsson AB on Thursday said profits tumbled 71 percent in the third quarter, worse than markets expected, as cash-strapped mobile operators cut spending on their networks. The world's leading supplier of broadband networks said net profit in the July-September period was 810 million kronor ($117. (Fresno Bee -- Business)
Ericsson Profits Drop 71.5 Percent in 3rd Quarter Oct 22, 2009
Wireless equipment maker LM Ericsson AB's profits dropped 71. 5 percent in the third quarter as the global financial crisis hit demand for network equipment, the Swedish company said Thursday. (ABC News -- Wire)
Ericsson hit by financial crisis in 3Q Oct 22, 2009
STOCKHOLM: Wireless equipment maker LM Ericsson AB's profits dropped 71 ... STOCKHOLM: Wireless equipment maker LM Ericsson AB's profits dropped 71. (India Times)
Sony Ericsson Q3 loss widens Oct 16, 2009
In the earnings report released Friday, the LM Ericsson and Sony Corp. joint venture said its third-quarter net loss came to euro164 million ($245 million) compared with a loss of euro25 million a year ago. Sales in the quarter fell to euro1. (The Star Online, Malaysia -- Business)
Developing nations need better climate data, Annan says Sep 1, 2009
The project, which will cost $9 million for complete coverage of Kenya, Tanzania, Uganda, Burundi, and Rwanda by 2012, has the backing of wireless equipment maker LM Ericsson and mobile company Zain. The long-range goal is to install 5,000 automatic weather stations on towers across Africa. (Boston Globe)
Ex-Moto exec Zafirovski leaves Nortel Aug 11, 2009
Swedish telecom company LM Ericsson agreed last month to buy parts of Nortel's wireless business for $1. 13 billion. (Crain's Chicago Business)
Nortel Wireless Assets Go to Ericsson for $1.13B Jul 29, 2009
After a month of bidding, Nortel has announced the results of the so-called "stalking horse" auction for its wireless assets, with Telefonaktiebolaget LM Ericsson -- better known as Ericsson -- emerging as the winner with a bid of $1. 13 billion. (SmallBusinessComputing)
Nortel assets sale to Ericsson approved Jul 29, 2009
OTTAWA, July 28 (Xinhua) -- Two courts in Canada and the United States on Tuesday approved the sale of key assets of Nortel Network, once Canada's telecommunications giant, to Sweden's LM Ericsson. Ericsson won the bid with 1. (Xinhuanet, China)
Ericsson buys Nortel wireless units for $1 billion Jul 25, 2009
Swedish wireless equipment maker LM Ericsson on Saturday said it had penned a deal to buy a majority of Nortel Networks' North American wireless business for $1. 13 billion. (San Francisco Chronicle -- Business)
Sweden's Saab posts 2Q drop in profits Jul 24, 2009
Swedish wireless equipment maker LM Ericsson AB's second-quarter profits plunged 56 percent partly because of restructuring charges and losses in its mobile phone unit, Sony Ericsson, the company said Friday. The world's leading supplier of broadband networks said net profit in the April-June period was 831 million kronor ($111 million), down from 1. (Fresno Bee -- Business)
Fortune 500 Gets A Makeover As Chinese Firms Grow Bigger Jul 21, 2009
LM Ericsson (ERIC) said its work on the 2 operators' networks had already started and would continue throughout '09, but it. 07/09/2009 02:17 PM ET. (Investors Business Daily)
* Sony Ericsson books fourth consecutive quarterly loss Jul 17, 2009
TROUBLES: The LM Ericsson-Sony Corp joint ventures weak position has led to speculation it may need a cash injection, possibly changing the ownership structure AP , STOCKHOLM Friday, Jul 17, 2009, Page 10 ... The LM Ericsson and Sony Corp joint venture said the loss of 213 million euros (US$299 million) compared with a profit of 6 million euros a year ago. (Taipei Times, Taiwan -- Business)
Sony Ericsson posts Q2 loss Jul 16, 2009
The LM Ericsson and Sony Corp. joint venture said the loss of euro213 million ($299 million) compared with a profit of euro6 million a year ago. The result was the fourth consecutive quarterly loss for Sony Ericsson. (India Times)
Annan backs better weather forecasting for Africa Jun 19, 2009
The project, which has the backing of wireless equipment maker LM Ericsson and mobile company Zain, has the long-range goal of installing 5,000 automatic weather stations on towers across Africa. It will cost $9 million to install the weather stations for complete coverage of Kenya, Tanzania, Uganda, Burundi and Rwanda by 2012, the forum said. (USA Today -- Weather)
* Sony Ericsson introduces three handsets in slump May 30, 2009
The Sony Corp and LM Ericsson AB joint venture said it was aiming to return to profitability as quickly as possible, but also announced an additional 2,000 job losses to trim costs. Those cuts add to 2,000 layoffs that were part of a previous savings program. (Taipei Times, Taiwan -- World)
Ericsson mines Silicon Valley for IP gold May 13, 2009
LM Ericsson is recruiting and expanding its Rengineering place in Silicon Valley, bucking a trend that has seen many high-tech companies transition research work to Eastern Europe and Asia in a bid to reduce total operating costs. Undeterred by high wages and lofty compensation packages for engineers and other high-tech professionals in Silicon Valley, the Swedish communications equipment vendor has been adding critical personnel to its R in California as part of a plan to stay ahead of the... (EETimes)
Sprint outsource network to Ericsson May 4, 2009
NEW YORK: Sprint Nextel Corp is in final negotiations to outsource management of its cellular network to Telefon AB LM Ericsson and transfer 5,000 to 7,000 US employees to the equipment vendor, The Wall Street Journal reported, citing people familiar with the matter. The move is meant to cut costs to help offset Sprint's dwindling subscriber numbers, the Journal reported on its website on Sunday. (India Times)
Nortel files for bankruptcy protection Apr 5, 2009
Potential buyers for these units are all foreign: Nokia Siemens Networks, Telefon AB LM Ericsson, Cisco Systems Inc. and China's Huawei Technologies Co. Ltd.. Nortel's storied history in the telecommunications field dates back nearly as far as the telephone itself. (Globe and Mail -- Business)
Why Netbooks Will Run Cell Phone Software Apr 2, 2009
Just this week, the Swedish company LM Ericsson AB unveiled a line of netbook and laptop modems that would enable a carrier to remotely shut down and lock up the system if the user didn't pay his mobile broadband bill. The user would be unable to boot the system. (Datamation)
Unpaid bills? Good luck starting future laptops Apr 1, 2009
LM Ericsson AB, the Swedish company that makes many of the modems that go into laptops, announced Tuesday that its new modem will deal with this issue by including a feature that's virtually a wireless repo man. If the carrier has the stomach to do so, it can send a signal that completely disables the computer, making it impossible to turn on. (MSNBC -- Technology)
Jarwala to step down at Sony Ericsson Mar 24, 2009
Sony Ericsson is a partnership of Sony Corp. (NYSE: SNE) and LM Ericsson AB (Nasdaq: ERIC). Reader Comments. (Triangle Business Journal)
Sony Ericsson warns of loss Mar 20, 2009
In a brief statement, the Sony Corp. and LM Ericsson AB joint venture also said it is taking a hit from de-stocking among its distributors and retailers. It predicted a first-quarter loss of 340-million to 390-million ($465-million to $533-million U.S.). (Globe and Mail -- Technology)
Ericsson soared in 2008, but can it win in 2009? Mar 11, 2009
PHILADELPHIA LM Ericsson had a banner year in 2008 as revenues rose 11 percent and cash along with short-term investments soared by 30 percent. Last year's performance was even more impressive as rivals like Alcatel-Lucent and Nortel Networks Inc. struggled with declining market share and financial distress. (EETimes)
Frank Quattrone's Qatalyst Group Expands to Europe - Firm to Open London Office Feb 8, 2009
Carl-Henric Svanberg, CEO of LM Ericsson, commented: "Jean has been advising us on a series of strategic matters over the last few years. My team and I have very high regard for his industry knowledge and candid advice in the matters we have been involved in, and I have absolutely no doubt that his new venture with Qatalyst will be successful in Europe.". Egon Durban, Managing Director of private investment firm Silver Lake commented: "We at Silver Lake have benefited from Jean's deep sector... (PR Newswire)
