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
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
Ericsson comment on speculations reg ST-Ericsson:
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(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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