Ericsson and STMicroelectronics comment on speculations

Ericsson and STMicroelectronics comment on speculations regarding
ST-Ericsson 
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
ecosystem. 
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:
http://hugin.info/1061/R/1647654/531142.pdf 
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(i) the releases contained herein are protected by copyright and    
other applicable laws; and 
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originality of the information contained therein. 
Source: Ericsson via Thomson Reuters ONE 
[HUG#1647654] 
Ericsson Corporate Public & Media Relations
Phone: +46 10 719 69 92
E-mail: media.relations@ericsson.com 
Ericsson Investor Relations
Phone: +46 10 719 00 00
E-mail: investor.relations@ericsson.com