Ericsson and STMicroelectronics comment on speculations regarding ST-Ericsson
(firmenpresse) - STOCKHOLM, SWEDEN -- (Marketwire) -- 10/09/12 -- Following recent speculations in the market
regarding the future of ST-Ericsson,
the 50/50 joint venture between Ericsson (NASDAQ: ERIC) and STMicroelectronics
(NYSE: STM), Ericsson and STMicroelectronics make the following comments.
ST-Ericsson announced its strategic plan in April and is in the middle of
executing on company transformation aiming at lowering its break-even point.
It
is natural for the parent companies to continuously review the strategy of the
company.
The two parent companies, together with ST-Ericsson, are currently working
with
an external advisor in order to ensure the best possible future for ST-
Ericsson.
Both STMicroelectronics and Ericsson support ST-Ericsson in its transformation
work and remain confident that the company has a strategic position in the
industry to enable the device ecosystem.
Ericsson discloses the information provided herein pursuant to the Securities
Markets Act and/or the Financial Instruments Trading Act. The information was
submitted for publication on October 9, 2012 at 12:30 CET.
Ericsson comment on speculations reg ST-Ericsson:
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Ericsson via Thomson Reuters ONE
[HUG#1647654]
Ericsson Corporate Public & Media Relations
Phone: +46 10 719 69 92
E-mail:
Ericsson Investor Relations
Phone: +46 10 719 00 00
E-mail:
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Datum: 09.10.2012 - 04:37 Uhr
Sprache: Deutsch
News-ID 1158137
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