ADVFN - Advanced Financial Network.
HOME» NASDAQ » L » ERIC Stock Price » ERIC Stock News

Lm Ericsson Telephone Company Ads Share News

 Lm Ericsson Telephone Company Ads (mm) Stock Price
ERIC Stock Price
 Lm Ericsson Telephone Company Ads (mm) Stock Chart
ERIC Stock Chart
 Lm Ericsson Telephone Company Ads (mm) Stock News
ERIC Stock News
 Lm Ericsson Telephone Company Ads (mm) Company Information
ERIC Company Information
 Lm Ericsson Telephone Company Ads (mm) Stock Trades
ERIC Stock Trades

ST-Ericsson To Transfer R&D Unit To STMicroelectronics

STOCKHOLM -(Dow Jones)- Wireless chipset maker ST-Ericsson said Monday it will transfer its application processor research and development unit to STMicroelectronics as part of a new strategy. As a result of the transfer, ST-Ericsson said its total workforce will be reduced by 1,700 employees, including those that will transfer to STMicroelectronics. Additionally, ST-Ericsson said its new strategy will bring about annual cost savings of $320 million, by the end of 2013, while restructuring costs are estimated at between $130 million and $150 million. ST-Ericsson is a joint venture created from the merger of the wireless chipset operations of Sweden's Ericsson (ERIC) and semiconductor maker STMicroelectronics N.V. (STM). Largely focused on the shrinking market for cheaper low-end cell phones, Geneva-based ST-Ericsson has struggled to become profitable since it was formed in 2009. At 1431 GMT, shares in Ericsson traded 4.1% lower at SEK61.85, in line with the 4.1% drop for the broader OMX Nordic 40 index. -By Sven Grundberg, Dow Jones Newswires; +46-8-5451-3098; sven.grundberg@dowjones.com

Stock News for Lm Ericsson Telephone Company Ads (ERIC)
DateTimeHeadline
04/20/201516:03:02Nokia Corporation: $17 Billion Acquisition of Alcatel Lucent...
04/20/201505:00:24Intel® Security collaborates with Ericsson to bring managed...
04/16/201513:40:02Good Deal But Bad Idea: Nokia Corporation Buys Alcatel-Lucent...
04/15/201512:11:55Blendee wins Ericsson Innovation Awards for their future of learning...
04/15/201511:21:43Nokia Agrees to Buy Alcatel-Lucent -- 2nd Update
04/15/201511:12:47Ericsson Still Aiming to Grow Faster Than The Market
04/15/201510:56:08Merger of Nokia With Alcatel-Lucent Could Put Pressure on Prices
04/15/201510:53:43Merger of Nokia With Alcatel-Lucent Could Put Pressure on Prices...
04/15/201505:01:22EUROPE MARKETS: Europe Stocks Slip After Five-session Streak;...
04/15/201501:36:50Merger of Nokia With Alcatel-Lucent Could Create Equipment Giant
04/14/201512:41:44Ericsson Annual General Meeting 2015
04/14/201511:30:27Ericsson CEO at AGM: "Transformation a necessity to capture business...
04/14/201508:18:50EUROPE MARKETS: European Stocks May Break Winning Streak, But...
04/14/201507:17:22Nokia in Talks to Buy Alcatel-Lucent -- Update
04/14/201506:20:09Nokia in Talks to Buy Alcatel-Lucent
04/14/201506:17:21Nokia in Talks to Buy Alcatel-Lucent
04/14/201504:00:49Ericsson Sustainability Report 2014: Technology for Good programs...
04/13/201504:00:34Ericsson joins forces with Scania and Royal Institute of Technology...
04/13/201503:00:26Ericsson to transform OSS for Orange Polska
04/13/201502:00:17Bonnier Broadcasting and Ericsson collaborating on Nordic VOD...

Lm Ericsson Telephone Company Ads and other NASDAQ stock quotes are delayed by at least 20 minutes.
All other stock price and quote data is delayed by at least 15 minutes unless otherwise stated. By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad