Ericsson looking to dump cell phone business; Sony to buy its stake in SE?
Boy Genius Report —
This one definitely falls into the unconfirmed rumors category for the time being, but a German magazine is reporting Ericsson has had enough of the consumer cell phone game. According to the report, Ericsson is looking to dump its stake in the company’s joint venture with Sony, Sony Ericsson, and stick to what it does best — infrastructure, back end network components and the like. The magazine also states that Sony may be toying with the idea of picking up Ericsson’s share of the JV and controlling 100 percent of the company. We’re not sure how the struggling Japanese manufacturer ...
Rumor: Sony Seeks to Buy Ericson's Share in Sony Ericsson
Ubergizmo —
The word on the street is that Sony is trying to buy Ericsson's 50% share in the joint venture, a share that Ericsson would be interested to sell, Manager-Magazin.de reports. If true, that would potentially turn Ericsson into a supplier for Sony's phone division. It might be that both company have different opinions on what to do next and while we're talking about wild speculations, why not imagine a PSP phone? As of late, Sony Ericsson posted a loss of $187M.
Again, take this for what it is: a rumor. [via mobile burn]
Permalink: Rumor: Sony Seeks to Buy Ericson's ...
¿Vuelven los rumores de divorcio entre Sony y Ericsson?
Celularis —
Hay rumores en la industria de las telecomunicaciones que son un clásico. Ya habíamos oido que motorola iba a ser vendida, y estoy seguro que lo volveremos a oir. Tambien sucedio con RIM, con Palm, etc.
Ahora la rueda de rumores vuelve a girar sobre el joint venture entre la empresa Japonesa y los Suecos. Y aunque hace un tiempo se viene hablando del tema, un semanario Alemán lo reflota.
Según Manager Magazine Sony estaría conversando con bancos para presentar una oferta a Ericsson por el total de su parte en el joint venture. El semanario dice tener ...
Sony Ericsson no longer sitting in tree, no longer kissing
CrunchGear —
You know you’re in for a treat when the story you’re reading has, in big red letters, “Please note that this story is based upon rumor and/or speculation.” So let’s begin with that and move on to points rendered.
Manager Magazin in Germany is reporting that both Sony and Ericsson are thinking of shutting down or selling their Sony Ericsson joint venture, a partnership that has thus far spawned little more than a few nice feature phones a whole lot of hype. The company has posted a Q4 2008 loss of $187 million.
Ericsson didn’t comment in the ...
Sony Ericsson no longer sitting in tree, no longer kissing
MobileCrunch —
You know you’re in for a treat when the story you’re reading has, in big red letters, “Please note that this story is based upon rumor and/or speculation.” So let’s begin with that and move on to points rendered.
Manager Magazin in Germany is reporting that both Sony and Ericsson are thinking of shutting down or selling their Sony Ericsson joint venture, a partnership that has thus far spawned little more than a few nice feature phones a whole lot of hype. The company has posted a Q4 2008 loss of $187 million.
Ericsson didn’t comment in the ...
Sony rumored to be negotiating Sony Ericsson buy-out
IntoMobile - Cell Phone News, Information, and Analysis —
Times are tough. For corporations, tough times usually leads to a few employee layoffs and asset fire sales. In this particular case, we’re hearing that Sony Ericsson (NYSE: SNE) may soon be a wholly-owned arm of Sony. Word on the street has Sony positioning itself to buy Ericsson’s 50% stake in the mobile phone joint-venture known as Sony Ericsson. If true, the once Japanese-Swedish joint venture would cease to be a joint venture and would turn Sony Ericsson into a Japanese-owned mobile phone maker.
German-language site Manager-Magazin reports that Sony is working to secure the funds it ...
Ericsson remains committed to Sony Ericsson despite setbacks
MobileBurn.com —
Despite rumors circulating the web , Ericsson will not be abandoning the Sony Ericsson joint venture. "We are committed to the joint venture...we haven't changed our view on that," Ericsson spokesperson Minako Nakatsuma Olofzon told Dow Jones Newswires on Friday. Earlier on Friday, mobile phone shares plunged after Sony Ericsson warned investors to expect a weak first quater. The company expects to ship 14 million phones in the Q1, down 37 percent from the year before. Olofzon said that Ericsson would be impacted by Sony Ericsson's predicted losses, but did not provide an estimate of how much the company would be affected. On ...

