The Guardian
trending topics
Close Box

Our news

Yes, it’s true: We are joining GigaOM...


Earnings

Ericsson Restates Vows To Sony; ‘We Are Committed’

  • Comments Comments (View)
  • Text Size: A A

imageDespite tabloid-like gossip regarding the partnership between Sony (NYSE: SNE) and Ericsson (NSDQ: ERIC), it doesn’t sound like a break-up is on the horizon. Rumors have speculated that the two are disagreeing about everything from the handset maker’s product road map to how to stem its mounting loses. On Friday, Sony Ericsson warned that it will lose between €390 million ($533 million) and €340 million ($465 million) in the first quarter because of “weak consumer demand.” But Dow Jones (NYSE: NWS) reported today that Sweden’s Ericsson has no plans to abandon its joint venture. Spokesperson Minako Nakatsuma Olofzon: “We are committed to the joint venture…we haven’t changed our view on that.”

Mar 23, 2009 10:48 AM ET

Posted In: Money, Earnings, Companies, Sony, Sony Ericsson

(Page 1 of 1)


The Bestsellers

From iTunes and YouTube to Facebook and Kindle, the most popular content on the web, free and paid.

Hulu TV Hulu TV
1. Special Project
2. Me? Jealous?
3. Hey Baby, What's Wrong?
4. All You Need Is Love
5. Day After Valentine's Day
See The Other Bestsellers »

Jobs RSS Job Listings

Social Standing

Which media brands are getting a lift from Tweeters and bloggers right now -- and which are getting panned?

"Sentiment" Scores for All the Companies »

Sponsors

Staff