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Stock Market & Financial Investment News

News Breaks
March 7, 2012
07:52 EDTERIC, SI, NOKEricsson, Nokia Siemens making more job cuts, Rethink Wireless says
Ericsson (ERIC) plans to cut about 10% of its 14,000 employee workforce in North America as carriers slow their spending and Nokia Siemens Network (NOK, SI) will eliminate about 3,500 jobs in Brazil following the end of an outsourcing contract, according to Rethink Wireless. Reference Link
News For ERIC;NOK;SI From The Last 14 Days
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January 22, 2015
11:32 EDTERICF5 Networks plummets after Q2 outlook trails estimates
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05:45 EDTNOKNokia reinstated with a Buy at Goldman
January 15, 2015
13:07 EDTERICNetworking trends seen as boon for Cisco, others
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07:02 EDTERICTrends positive for data networking names, says Bernstein
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06:17 EDTERICVodafone CTO Steve Pusey to retire, Johan Wibergh appointed as successor
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January 14, 2015
05:49 EDTERICApple sues Ericsson over patent royalty rates, Bloomberg says
Apple (AAPL) filed a lawsuit against Ericsson (ERIC) in the U.S. District Court for the Northern District of California, stating that Ericsson's royalty rates are excessive and its patents are not essential to LTE standards, reports Bloomberg. Reference Link
05:28 EDTERICEricsson files complaint against Apple in U.S. District Court
Following Apple's (AAPL) action, Ericsson (ERIC) has filed a complaint in the U.S. District Court for the Eastern District of Texas requesting a ruling on Ericsson's proposed global licensing fees with Apple. During the past two years of negotiations, the companies have not been able to reach an agreement on licensing of Ericsson's patents that enable Apple's mobile devices to connect with the world and power many of their applications. Ericsson filed the suit in order to receive an independent assessment on whether Ericsson's global licensing offer complies with Ericsson's fair, reasonable, and non-discriminatory, or FRAND, commitment. The global license agreement between Ericsson and Apple for mobile technology has expired and Apple has declined to take a new license on offered FRAND terms. Ericsson's Q4 IPR revenue will include payment from Apple under previous agreement. Every Apple smartphone and tablet with cellular capability uses technology from Ericsson. On January 12, Apple filed a lawsuit asking the U.S. District Court for the Northern District of California to find that it does not infringe a small subset of Ericsson's patents.

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