Ericsson shares plunged more than 15 percent Tuesday after the Swedish mobile networks company posted a second-quarter loss on falling sales and warned that there was unlikely to be any improvement soon.
Swedish mobile networks company Ericsson said Wednesday it has named longtime board member Borje Ekholm as its new CEO, in a bid to turn around the company amid a decline in the industry.
Swedish mobile networks company Ericsson said Friday that the decline across the industry has accelerated, contributing to a third-quarter loss for the company of 233 million kroner ($26.3 million).
Ericsson said Tuesday it will cut 3,000 jobs in Sweden, or nearly 20 percent of its local workforce, and will downsize operations at several plants as part of its global plan to cut costs by 9 billion kronor ($1 billion) ...
Sluggish broadband demand in North America is hurting Ericsson, the world's largest networks maker, which reported Thursday a 14 percent drop in first-quarter net profit to 1.5 billion kronor ($ 173 million) despite a rise ...
Swedish telecoms group Ericsson announced Friday a lawsuit against Apple claiming that the US tech giant continued to use its technology in iPhones and other wireless devices after refusing to renew a licencing agreement.
Swedish telecoms equipment maker Ericsson filed a complaint Wednesday against Apple in a US court over the iconic American brand's use of its technology in iPhones and other wireless devices.
Sure, the International CES show was chock full of connected cars, smart home sensors, music gear and computer gadgets, as you'd expect. There were even drones buzzing the 160,000-plus people that tromped across the 2.2 million ...
When the charismatic founder of upstart Chinese smartphone maker Xiaomi took the stage at an Internet conference, he was open about his ambition: world domination.
A group led by Apple and Microsoft has sold about 4,000 technology patents to patent management company RPX Corp. for $900 million.