Ericsson falls sharply
1.8 billion earnings for the fourth quarter. It may not sound so bad, but the corresponding period last year profit was 7.8 billion and for the third quarter of 5.9 billion.
"For the full year 2011, we had a strong sales growth and an increase in net income. In the fourth quarter, however, we saw weaker development in Networks, as well as an expected gross margin impact from a changed business mix with more coverage projects, modernization projects in Europe, and a higher services share," said Hans Vestberg, President and CEO of Ericsson.
One thing that has burdened Ericsson during the winter is losses from their joint-ventures.
Sony Ericsson fell badly in its last quarterly report and ST-Ericsson will continue to cost money. Some concerns also remain for the next few quarters: ”We believe that the industry fundamentals for longer-term positive development remain solid. Short-term, we expect operators to continue to be cautious with spending, reflecting factors such as macro economic and political uncertainty”.
One thing that has burdened Ericsson during the winter is losses from their joint-ventures.
Sony Ericsson fell badly in its last quarterly report and ST-Ericsson will continue to cost money. Some concerns also remain for the next few quarters: ”We believe that the industry fundamentals for longer-term positive development remain solid. Short-term, we expect operators to continue to be cautious with spending, reflecting factors such as macro economic and political uncertainty”.
Frequency Electronics buys Elcom Technologies
Frequency Electronics has completed the purchase of all the capital stock of Elcom Technologies.
©tamas-ambrits-dreamstime.com
7 new customers for Kitron Germany
Ad
Wistron snaps up Nook production deal
Taiwain-based ODM Wistron is said to have secured manufacturing orders from Barnes & Noble.
More News
- Pakistan's military makes a tablet
- CTDI opens new site in France
- Connect Group achieves IRIS
- Camtek achieves 22 percent YoY growth
- Three companies vying for French electronics manufacturer
- Kolín car maker to decrease production, cut 150 jobs
- Olympus exec dead from apparent suicide
- Cencorp: "the year was not particularly good"
- Aros Quality profit grows
- Icape Group successfully expands in America
- Kindle Fire production goes to Foxconn
- Sacom: Foxconn prepared for inspections
- PCB market booms on normalised sales
- FSM Elektronik purchases Siplace SX line
- BOE to receive more orders from TPV
- Samsung: LCD spin-off closer to reality
- Incap's closure of factory costs 600,000
- Solid Semecs signs contract for medical devices
- FLA CEO: Foxconn has tons of issues
- Plexus delays construction
- Applied Kilovolts makes board level appointment
- PlayStation Vita teardown
- Scott Gebicke joins Jabil Defense and Aerospace Services
- E-Waste Systems partners with CR Electronics
- Corintech appoints new Managing Director
- Digi-Key expands agreement with Elektron
- Connect Group reports good annual results
- Manz receives FPD order
- SPI and Escatec form JV in Shanghai
- Partnertech: Net sales were SEK 2,322.2 million
- Demand leads to Pickering sales expansion
- FLA president: Foxconn conditions above average
- Aspocomp: sales grew in 2011
- Thales: ticket reader ready for bank cards
- Reconstruction of Printca finalized
- TDR acquires Efore business unit
- Sony Ericsson buy out completed, new brand launched
- 100 new jobs for Odelo
- Sanmina-SCI achieves new accreditation
- Kongsberg receives F-35 Joint Strike Fighter orders
Comments
Please note the following: Critical comments are allowed and even encouraged. Discussions are welcome. Verbal abuse, insults and racist / homophobic remarks are not. Such comments will be removed.
Further details can be found here.