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Stock Market & Financial Investment News

News Breaks
January 18, 2013
14:15 EDTERIC, STMST-Ericsson hires bank to explore sale, WSJ reports
Ericsson (ERIC) and STMicroelectronics (STM) have hired JPMorgan to explore a sale of their cellphone-chip joint venture, ST-Ericsson, Wall Street Journal reports, citing people familiar with the matter said. Reference Link
News For ERIC;STM From The Last 14 Days
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September 12, 2014
07:05 EDTERICEricsson agrees to acquire Fabrix Systems for $95M
Ericsson announced it has entered into an agreement to acquire Fabrix Systems, a leading provider of cloud storage, computing and network delivery for video applications that today power some of the most advanced cable and telecom cloud DVR deployments. Fabrix Systems further extends Ericsson's leading TV and media portfolio with a cloud based scale out storage and computing platform focused on providing a simple, tightly integrated solution optimized for media storage, processing and delivery applications such as cloud DVR and video-on-demand expansion. Fabrix Systems was founded in 2006 with offices in the US and Israel and brings a team of highly skilled cloud computing software engineers. The company has 103 employees. The purchase price for 100% of the shares in Fabrix Systems is $95M. The acquisition is expected to close in the Q4, subject to customary closing conditions. Fabrix Systems will be incorporated into Business Unit Support Solutions.
07:01 EDTERICIDT Corp to sell Fabrix Systems to Ericsson
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September 11, 2014
07:29 EDTSTMDeutsche Bank to hold a conference
Technology Conference to be held in Las Vegas on September 9-11 with webcasted company presentations to begin on September 11 at 10:30 am; not all company presentations may be webcasted. Webcast Link
September 10, 2014
12:06 EDTERICEricsson, SAP announce solution for enterprise mobility management
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10:00 EDTSTMOn The Fly: Analyst Downgrade Summary
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07:53 EDTSTMDeutsche Bank to hold a conference
Technology Conference to be held in Las Vegas on September 9-11 with webcasted company presentations to begin on September 10 at 10:30; not all company presentations may be webcasted. Webcast Link
06:33 EDTSTMSTMicroelectronics downgraded to Neutral from Outperform at RW Baird
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September 9, 2014
07:29 EDTERICUBM Canon to hold a summit
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07:28 EDTERICThe Money Event, Inc to hold a conference
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07:17 EDTERICThe Wireless Association to hold a conference
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07:11 EDTERICUBM Tech to hold a conference
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September 3, 2014
16:37 EDTSTMSTMicroelectronics, Tessera settle pending litigation
STMicroelectronics (STM) and Tessera Technologies (TSRA) announced that they reached a settlement of all outstanding claims and litigation between them. STMicroelectronics, Inc., STMicroelectronics N.V., and Tessera, Inc. agreed to dismiss all claims and counterclaims pending in the U.S. District Court for the Northern District of California with prejudice. The terms and conditions of the agreement between the companies are confidential.
12:34 EDTSTMSTMicroelectronics volatility at low end of historic range
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07:04 EDTERICEricsson announces strategic partnership with Guardtime
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