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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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November 19, 2015
05:54 EDTERICEricsson and Inmarsat sign strategic maritime agreement
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05:38 EDTERICEricsson and Inmarsat sign strategic maritime agreement
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November 17, 2015
08:54 EDTSTMMaxim could be bidder for Fairchild, says Citi
Citi analyst Atif Malik views Maxim Integrated (MXIM) as a potential acquirer Fairchild Semiconductor (FCS). Bloomberg on October 13 reported that Fairchild was seeking advice for a potential sale, and listed potential acquirers as STMicroelectronics (STM), Infineon (IFNNY) and ON Semiconductor (ON). Bids from STM and ON seem unlikely, but Infineon and Maxim could be potential acquirers of Fairchild, Malik tells investors in a research note. In a bull case scenario, Fairchild's buyout value could reach $25 per share, the analyst contends. Fairchild closed yesterday at $17.76. Malik's peer at Citi, analyst Christopher Danely, argued today in research note that Maxim Integrated (MXIM) is unlikely to get acquired despite reports of interest from Analog Devices (ADI) and Texas Instruments (TXN). Danely views Xilinx (XLNX) as a potential takeout target, potentially for Qualcomm (QCOM).
November 16, 2015
10:11 EDTERICHigh option volume stocks
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09:01 EDTERICOoredoo Gropu signs 5-year frame agreement with Ericsson
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05:26 EDTERICEricsson CEO says no talks with Cisco about merger or acquisition
Ericsson (ERIC) has noted the recent speculation in the press and financial markets regarding an interest by Cisco (CSCO) to acquire Ericsson. On November 9, the two companies announced a global business and technology partnership to create the networks of the future. The partnership announcement was supported by multiple agreements that include commitments to network transformation through reference architectures and joint development, systems-based management and control, a broad reseller agreement, and collaboration in key emerging market segments. President, CEO and member of the board, Hans Vestberg says: "We note that there are rumors in the market regarding an acquisition of Ericsson by Cisco possibly spurred by the recent announcement of a partnership between our two companies. The talks leading up to the partnership announcement have been ongoing for a year and there have not been any discussions whatsoever on a merger or an acquisition."
November 13, 2015
17:22 EDTERICCisco refutes report of interest in buying Ericsson, Bloomberg says
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15:46 EDTERICCisco rejects Ericsson takeover speculation, Bloomberg says
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15:21 EDTERICDagens Industri says Cisco seeking to buy Ericsson, Bloomberg reports
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07:29 EDTERICCisco results can still improve, says Wells Fargo
After Cisco (CSCO) provided weaker than expected Q2 guidance, Wells Fargo still thinks the company's results can improve in 2H15 and 2016, partly due to improvements in switching, E-rate tailwinds, and the recovery of slipped routing deals and contributions from new partnerships with Ericsson (ERIC) and Inspur. Wells keeps an Outperform rating on Cisco.

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