Key Developments: Ericsson (ERICa.ST)
75.15SEK
24 May 2013
-0.85kr (-1.12%)
76.00kr
75.90kr
75.90kr
75.15kr
6,017
47,318
84.55kr
55.55kr
Latest Key Developments (Source: Significant Developments)
Ericsson To Acquire Microsoft Corp's Mediaroom Business
Ericsson announced that it has reached an agreement with Microsoft Corp to acquire TV solution Mediaroom business. Closing expected during the second half of 2013. Mediaroom is situated in Mountain View, California and employs more than 400 people worldwide. Mediaroom will be incorporated into Business Unit Support Solutions. Financial terms of the transaction were not disclosed. Full Article
Ericsson Receives Order from Telus in Canada-SIX
SIX reported that Ericsson has received a contract for upgrading video compression from a canadian company, Telus. Telus selected Ericsson's MPEG-4 AVC HD in order to improve quality of its IPTV-network. Financial details were not disclosed. Full Article
Ericsson Concludes Reduction of Operations in Sweden Impacting 1,399 Positions-Reuters
Reuters reported that Ericsson has concluded its planned reduction of operations in Sweden. Following on that 1,399 positions were impacted with 919 employees notified. Full Article
Ericsson Files Lawsuit Against Micromax-Reuters
Reuters reported that Ericsson announced that it has filed a lawsuit in India for patent infringement against mobile phone manufacturer Micromax and its dealer Mercury Electronics regarding technology standards GSM, Edge and UMTS/WCDMA. Full Article
Ericsson Receives Order from Batelco in Bahrain-SIX
SIX reported that Ericsson has received a LTE (4G) order from Batelco in Bahrain as the only supplier. The financial details were not disclosed. Full Article
Ericsson Extends Partnership with Entel in Chile-Reuters
Reuters reported that Ericsson has extended its partnership with Entel in Chile. Entel Chile selected the Company as sole supplier for its 4G/LTE network and expanded partnership for its 2G and 3G networks. Full Article
Airvana Network Solutions Inc Gets Preliminary Injunction Against Ericsson in Trade-Secret Lawsuit-DJ
Dow Jones reported that judge granted Airvana Network Solutions Inc.'s request for a preliminary injunction against Ericsson in a lawsuit over trade secrets. The injunction blocks Ericsson from using certain hardware unless it uses software that Airvana developed. According to the report, Airvana alleges that Ericsson helped create knock-off hardware, while Ericsson argued that the hardware wasn't based on Airvana's designs. An Ericsson spokesman said the Company is reviewing the court's decision. Full Article
Ericsson Signs Contract in Serbia-SIX
SIX reported that Ericsson has signed a five years' managed service contract with Vip mobile in Serbia. This is the Company's first contract of this kind in the country. Financial details were not disclosed. Full Article
Samsung Electronics Co Ltd Counter Sues Ericsson In U.S. Over Alleged Patent Infringement-DJ
Dow Jones reported that Samsung Electronics Co Ltd countersued Ericsson earlier this week claiming that the mobile equipment maker infringed several of its patents including those relating to data transmission, a filing in a U.S. district court showed. The filing comes after Ericsson filed a suit against Samsung Electronics Co Ltd in November in a U.S. court alleging the South Korean company infringed its mobile-technology patents after the two companies failed to agree on licensing terms. Although Samsung is a willing licensee, Ericsson demands unreasonable terms and conditions, Samsung said in the complaint. Ericsson no doubt has plans to extract unreasonable fees from the rest of the industry unless stopped by Samsung here. Full Article
Ericsson Launches Ericsson SNP 4000 Network Processing Chipset
Ericsson announced that at the MPLS & Ethernet World Congress in Paris, the Company announced two developments that reinforce its commitment to developing 4th Generation IP networks: an in-house ASIC, the Ericsson SNP 4000 network processing chipset, and extension of the Ericsson IP Operating System as the common platform across the entire IP portfolio. The Ericsson SNP 4000 brings to the market packet processing capacity with an ASIC solution that integrates thousands of processing cores to enable products that can scale from 100Gbps to 1Tbps and applications that support millions of subscribers. With its hyper-threaded run to completion architecture running the Linux OS with full support for GNU based C/C++ tool chain, the SNP 4000 will herald a new era of feature velocity and power efficiency in IP products. Ericsson IP Operating System, that runs on the SSR 8000 family of Smart Services Routers, will be extended to cover all Ericsson IP products. The MINI-LINK SP 415 and MINI-LINK SP 420 running. Ericsson is participating in the co-located MPLS & Ethernet World Congress, V6 World Congress and SDN Summit 2013 in Paris, running from March 19, 2013 until March 22, 2013. Full Article
Ericsson closes telecom cable manufacturing facility
STOCKHOLM, May 21 - Ericsson announced on Tuesday plans to shut its telecom cable manufacturing facility in Sweden and would take a 500 million Swedish crown ($75 million) charge as a result.
Earnings vs. 
Estimates
Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests.
NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.
