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Sony Ericsson Mobile Communications

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BUSINESS
October 28, 2011 | By David Sarno and Andrea Chang, Los Angeles Times
In the latest sign that smartphones are replacing simpler cellphones, Swedish device maker Ericsson is getting out of the business it helped to foster a decade ago. Japanese electronics giant Sony Corp. will pay Ericsson about $1.5 billion for its half of the Sony Ericsson Mobile Communications joint venture, which makes a variety of mobile devices including some Google-powered Android smartphones. Ericsson, a pioneering company that helped popularize simpler cellphones in the 1990s, will step out of the mobile market to concentrate on other elements of its networking business.
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BUSINESS
October 28, 2011 | By David Sarno and Andrea Chang, Los Angeles Times
In the latest sign that smartphones are replacing simpler cellphones, Swedish device maker Ericsson is getting out of the business it helped to foster a decade ago. Japanese electronics giant Sony Corp. will pay Ericsson about $1.5 billion for its half of the Sony Ericsson Mobile Communications joint venture, which makes a variety of mobile devices including some Google-powered Android smartphones. Ericsson, a pioneering company that helped popularize simpler cellphones in the 1990s, will step out of the mobile market to concentrate on other elements of its networking business.
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BUSINESS
June 25, 2003 | From Bloomberg News
Sony Ericsson Mobile Communications Ltd., a mobile-telephone joint venture of Sony Corp. and Ericsson, said it would stop making some U.S. phones and close two research facilities. London-based Sony Ericsson will close sites in Munich, Germany, and Research Triangle Park, N.C., eliminating 500 jobs, the company said.
BUSINESS
June 25, 2003 | From Bloomberg News
Sony Ericsson Mobile Communications Ltd., a mobile-telephone joint venture of Sony Corp. and Ericsson, said it would stop making some U.S. phones and close two research facilities. London-based Sony Ericsson will close sites in Munich, Germany, and Research Triangle Park, N.C., eliminating 500 jobs, the company said.
BUSINESS
January 4, 2007 | From the Associated Press
Eastman Kodak Co. said it had ended a long-standing patent dispute with Sony Corp. over digital-camera inventions dating to 1987 and entered a cross-licensing deal giving the companies access to each other's patents. The photography company also said it had signed a cross-license agreement with cellphone maker Sony Ericsson Mobile Communications, a joint venture of Sweden's LM Ericsson and Sony.
BUSINESS
August 29, 2005 | From Bloomberg News
Broadcom Corp. Chief Executive Scott McGregor says he is focused on winning Nokia Corp. as a customer for the company's mobile-phone chips for the first time. McGregor, who joined Broadcom in January, said his experience selling semiconductors to Nokia while he ran Royal Philips Electronics' chip business might give him the inside track. In his effort to take on Qualcomm Inc. and Texas Instruments Inc.
BUSINESS
August 5, 2002 | Reuters
Next time a good-looking young couple asks you to take their picture, beware--they might work for the maker of the camera. Cell phone maker Sony Ericsson Mobile Communications has hired 120 actors and actresses across the country to play tourists and ask passers-by to take their picture with the company's new T68i cell phone and an add-on digital camera. Sony Ericsson, a joint venture of Sony Corp. and Ericsson, is running the campaign in seven U.S.
BUSINESS
January 26, 2002 | From Bloomberg News
Ericsson, the biggest phone-equipment maker, said Friday that it had a fourth-quarter loss because of its unprofitable handset venture and a slump in network sales. The Stockholm phone giant stuck to a forecast of posting an operating profit in 2002. Ericsson lost $330 million compared with a profit of $215.4 million a year earlier. The company took a pretax charge of $159.2 million for potential Latin American losses. Sales at Ericsson and rivals such as Nortel Networks Corp.
BUSINESS
July 29, 2004 | David Colker, Times Staff Writer
Sony Corp. on Wednesday reported a more than twentyfold increase in profit for its fiscal first quarter, but nearly all of it came from joint ventures. Net income for the period ended June 30 was $214 million, or 22 cents a share, up from $10.1 million, or 1 cent, last year. The quarter's sales of $14.8 billion, however, were only slightly better than the $14.7-billion figure of a year earlier. The dollar figures are based on 108.
BUSINESS
May 15, 2008 | From the Associated Press
Sony Corp. punctuated its recovery by swinging to a profit for the January-March quarter as it reduced losses from its PlayStation 3 video game business. Strong sales of flat-panel televisions and digital cameras also helped nearly triple annual profit to a record, the electronics and entertainment company said Wednesday. But Sony joined Japanese automakers Toyota Motor Corp. and Honda Motor Co. in forecasting lower profit for the fiscal year through March 2009, citing the strong yen's erosion of overseas earnings.
BUSINESS
June 2, 2004 | David Colker, Times Staff Writer
Sony Corp. said Tuesday that it would introduce no new models of its Clie hand-held computer in the United States this year, effectively killing a product line launched four years ago as a way to organize music, movies and photos on the go. The electronics and entertainment giant denied it was abandoning the Clie -- or the 3.5 million customers who bought one -- but Todd Kort, analyst at technology research firm Gartner Inc., said Sony would probably let the device die quietly.
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