Communications technology business Ericsson is planning to close its telecom cables operation within the company’s Networks business unit.
318 jobs in Sweden are expected to be lost.
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Ericsson and STMicroelectronics have announced an agreement on the future of their ST-Ericsson mobile technology joint venture.
Last year ST revealed that it wanted to leave the 50/50 partnership.
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The European Patent Office says 2012 was a record year, with more patent filings and grants than ever before.
Last year, the EPO received 257,744 patent filings from around the world: a 5.2% increase from the previous year.
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Goodbye RIM, hello BlackBerry
Mark Bridge writes:
Apple launches a new product and BlackBerry pushes it out of the headlines. Who’d have thought it, eh?
Yes, Apple’s new $799 128GB iPad didn’t get much of a mention in the mobile press last week - thanks to the new BlackBerry 10 platform and two new smartphones. Memories of Stephen Bates’s awkward BBC interviews were soon forgotten as the touchscreen Z10 appeared and quickly hit the shelves of UK retailers.
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Ericsson has published fourth quarter and full-year financial results. The company made a loss of 6.3 billion Krona (£625 million) in Q4 2012, although it remained in profit for the year.
Net income for 2012 was down 53% year-on-year to £586 million, while sales were up 5% to £6.6 billion for the quarter and almost unchanged year-on-year at £22.6 billion for the full year.
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