Ericsson and STMicroelectronics comment on speculations

Ericsson and STMicroelectronics comment on speculations regarding
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
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
(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 
Ericsson Corporate Public & Media Relations
Phone: +46 10 719 69 92
Ericsson Investor Relations
Phone: +46 10 719 00 00
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