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Stock Market & Financial Investment News

News Breaks
December 10, 2012
05:13 EDTSTM, ERICEricsson starts negotiations with STMicroelectronics on ownership of ST-Ericsson
Ericsson (ERIC) announced that it will continue to work together with STMicroelectronics (STM) to find a suitable strategic solution for the two companies Joint Venture ST-Ericsson. STMicroelectronics has announced its intention to exit as a shareholder in ST-Ericsson. For Ericsson, a key priority in this process is a successful market introduction of the new LTE modems that it is certain will be very competitive and needed in the market. During the process Ericsson will not speculate on the possible outcomes, timelines, and future ownership structures of ST-Ericsson.
News For ERIC;STM From The Last 14 Days
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January 28, 2015
09:15 EDTSTMOn The Fly: Pre-market Movers
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05:28 EDTSTMSTMicroelectronics sees Q1 revenues down sequentially by about 5% at mid-point
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05:26 EDTSTMSTMicroelectronics reports Q4 EPS 5c, consensus 1c
Reports Q4 revenue $1.83B, consensus $1.82B.
January 27, 2015
10:00 EDTSTMOn the Fly: Analyst Upgrade Summary
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08:23 EDTSTMSTMicroelectronics upgraded to Buy from Neutral at BofA/Merrill
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05:21 EDTERICEricsson sees North American mobile broadband business remaining slow
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05:20 EDTERICEricsson proposes to increase 2014 dividend by 13%
Ericsson said in its earnings release, "We improved cash flow from operating activities in 2014 and generated a full-year cash flow of SEK 18.7 (17.4) b. For the third consecutive year we have exceeded our cash conversion target of more than 70%. This resulted in a solid balance sheet, enabling us to continue to implement our strategy and to deliver consistent returns to our shareholders. The Board of Directors proposes a dividend for 2014 of SEK 3.40 (3.00) per share, an increase of 13%."
05:16 EDTERICEricsson reports Q4 net income SK4.2B vs. SK6.4B last year
Reports Q4 sales SK68B vs. SK67B last year. Reports Q4 operating margin 9.3% vs. 13.5% last year. The company said, "In the quarter, strong sales growth in the Middle East, Europe and Asia was offset by a continued decline in North America."
January 22, 2015
11:32 EDTERICF5 Networks plummets after Q2 outlook trails estimates
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January 21, 2015
07:39 EDTSTMSTMicroelectronics upgraded to Buy from Neutral at Citigroup (yesterday)
Citigroup yesterday upgraded STMicroelectronics to Buy citing a favorable risk/reward in the near-term relative to expectations.

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